Metallurgical sector’s unit investment trusts fall
According to the National Managers’ League, the profitability of unit investment trusts run by metallurgical enterprises dropped below zero on July 24-31, 2008. For one, the share price of Trubnaya Ploschad – Russian Metallurgy (Bank of Moscow Management Company) went down by 10.44%, that of Rus-Capital-Metallurgy (Rus-Capital Management Company) dropped by 9.18%, and that of BCS Metallurgy Fund (BrokerCreditService Management Company) decreased by 8.5%. At the same time, the share prices of CIT Fortis-Russian Metallurgy and Machine-Building (CIT Fortis Investments Management Company), Troika