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1st Quarter, 2024

The AUM of Balanced (AMBAL), Conservative (AMCON) and Fixed Income (AMFIX) funds amounted more than 457 billion AMD as of March 31, 2024, about 89 billion AMD of which, more than 19%, was the performance of the 3 funds.

The investments in Armenia and abroad include different asset classes, such as local government and corporate bonds, foreign bonds and equity ETFs and mutual funds, bank deposits, etc.

Since the inception annualized performance of Balanced, Conservative and Fixed income funds was in the range of 7.2%-7.8% depending on the type of fund as of March 31, 2024.

In Q1 2024, funds’ performance was positive due to the rise of local bonds and foreign equity prices.