Tinkoff to launch capital management company

Tinkoff Bank Group plans on launching the Tinkoff Capital Management company in the 4th quarter of this year. The company will offer clients exchange funds for investments, with an entry threshold of just RUB 50. Funds will be tied to assets in both rubles and dollars, although the exact list of instruments has yet to be disclosed. It will be possible to manage investments only on the Tinkoff website or through a mobile application. The company hopes to eliminate the so-called “black box effect”, in which clients of management companies do not necessarily know the nature and condition of their investment portfolios at most times, by allowing users to look at the structure of their portfolio and make adjustments at any time. Tinkoff expects more than 100,000 clients within the first year of operation.