Valuation of investment fund assets

Valuation of real estate and other assets of UIFs and JSIFs for calculating net asset value

We value real estate, rights to it and other assets of unit investment funds (UIFs) and joint-stock investment funds (JSIFs). More than 100 management companies trust us to value the assets of their investment funds.

The valuation is carried out to calculate net asset value (NAV) when assets are acquired and at least once a year; the valuation date may be no earlier than six months before the NAV calculation date. The valuer may not be affiliated with the management company, the specialised depository or the fund's auditor (Federal Law No. 156-FZ "On Investment Funds").

The valuation report is prepared under Federal Law No. 135-FZ "On Valuation Activities in the Russian Federation" and determines fair value under IFRS 13, taking into account the requirements of Bank of Russia Ordinance No. 3758-U. Flexible pricing applies to regular revaluation of the same assets.