Greek ALPHA TRUST Mutual Funds reach pre-crisis levels

In 2013 the Greek ALPHA TRUST mutual funds have achieved returns that exceeded pre-crisis levels. Capital under management was also increased over 50% in the same period, following the takeover of Kyprou Asset Management Mutual Fund Management S.A.

Equity Funds - Greece

The course of ALPHA TRUST Greek equity funds was particularly satisfactory during the last year with returns of 32.92% for ALPHA TRUST HELLENIC EQUITY FUND and 23.09% for ALPHA TRUST NEW STRATEGY Domestic Equity. It should be reminded that the above mutual funds have received the higher total ratings of 5 and 4 stars respectively by the international agency Morningstar. It should also be noted that ALPHA TRUST HELLENIC EQUITY FUND with a return of 31.80% was ranked first between the 30 mutual funds of its category in a period of 10 years (31/12/2003-31/12/2013), compared to the negative performance of the ATHEX General Index (-48.64%). Indicatively, during the crisis (31/12/2009-31/12/2013), ALPHA TRUST HELLENIC EQUITY FUND had marginally negative returns (-1.92%) compared to -47.06% of the ATHEX General Index.

Balanced Funds

In the category of Balanced Mutual Funds, the returns achieved by ALPHA TRUST Mutual Funds exceeded in their entirety the average return of the category (22.80%). In specific, the ECONOMISTS’ OCCUPATIONAL PENSION FUND Domestic Balanced closed the year with a return of 30.77%, exceeding its benchmark. INTERLIFE Domestic Balanced recorded returns of 30.91%, while ALPHA TRUST EUROSTAR Domestic Balanced achieved performance that exceeded its benchmark, returning gains of27.16%. Additionally, ALPHA TRUST EUROSTAR Domestic Balanced was ranked first in a period of 10 years among 19 mutual funds of the category, returning 43.01%. Indicatively, during the crisis (31/12/2009-31/12/2013), the ECONOMISTS’ OCCUPATIONAL PENSION FUND Domestic Balanced recorded returns of 31.35% against losses (-12,76%) of its benchmark. In the same period, ALPHA TRUST EUROSTAR Domestic Balanced achieved a positive return of 5.91% against a fall (-15.38%) of its benchmark, while INTERLIFE Domestic Balanced performed even better with returns of 7.99% against losses of -29.26% of its benchmark.

Bond Funds

The Greek bond mutual fund GENIKI Domestic Funds has recorded high returns for an additional year, exceeding both its benchmark and its category's average, with a return of 43.06%. Indicatively, during the crisis (31/12/2009-31/12/2013) the mutual fund recorded returns of 18.94%, while in the same period its benchmark marked losses of -13.28%.

PENSION SOLUTIONS

S&B Pension Global Equity Fund of Funds recorded returns of 12.26%, against an average return of 6.40% in its category. Furthermore, in a period of three years, THE ECONOMISTS’ OCCUPATIONAL PENSION FUND Domestic Balanced ranked first among 33 balanced mutual funds of the market with returns of 71.58%. Additionally, the pension planning solutions offered by ALPHA TRUST have been enriched since last July with the new mutual fund ΤΕΑ INTERAMERICAN Global Balanced Fund of Funds.

Finally, it should be noted that in view of reinforcing its product mix and improving the services offered to the shareholder, ALPHA TRUST has rapidly completed the absorption of the mutual funds of Kyprou Asset Management Mutual Fund Management S.A.