Closed-End Investment Funds

A closed-end mutual fund is a tool intended for convenient ownership and management of family and corporate assets. This long-established investment structure stands out for the following advantages:

• Risk diversification and asset protection under the Russian law
• Tax optimization and ownership confidentiality
• Resolving inheritance and ownership transfer issues

Personal Trusts

Russian personal trusts take after the long-standing tradition of trust funds abroad. This is a new instrument in the Russian legal system that enables to manage, preserve and transfer property and capital. A personal trust may include cash, real estate, securities, company shares (up to 100%), vehicles, precious metals, copyrights, art and luxury items, and other assets.

Setting up a personal trust helps achieve the following objectives:

• Asset protection and effective management
• Risk sharing
• Confidentiality of ownership
• Estate planning