"Kombank Infond" invested in equities on New York Stock Exchange

- Open fund "Kombank Infond" is the first Serbian investment fund that started procuring securities in US and Western European capital markets - Investment funds management company "Kombank Invest" announced on June 5th, 2009.

"Kombank Infond" has made the first purchase of foreign securities on New York Stock Exchange.

The property of "Kombank infond" will be invested in the equities of the world's largest companies, that is, Blue Chip equities that are included in the leading indexes like "Dow Jones", "S&P 500", "Dax".

The property will also be invested in financial derivatives on US and European stock exchanges, and all in accordance with the positive legal regulations.

According to the announcement of "Kombank", the procurement of foreign securities ensures high solvency of the fund, makes foreign capital markets available to local investors and reduces the foreign currency risk.

The CEO of "Kombank Infond", Danilo Vuksanović, told Beta that the decision about investments in the stocks of world's leading companies had been made few months before, while the realization had started after some technical issues had been resolved.

"Kombank Infond" is a property growth fund and one of 12 open investment funds in Serbian market.