History

2009

At the beginning of 2009 ``PIOGLOBAL Ukraine`` Asset Management (for the time being ``Sokrat`` Asset Management) was the first one among Ukrainian management companies to carry out a project which rendered active secondary market for the corporate funds` shares. Within the framework of the project the Company organized an electronic platform “The Secondary Market ”, representing the quotations of the corporate funds’ shares. The project has broadened significantly opportunities for investors by allowing them to purchase or sell the securities of the corporate funds before their termination. As a result, the liquidity of the funds’ shares has increased.

In March, 2009 shareholders of “Sokrat” Investment Group have taken the decision concerning the division of business. Roman Sazonov, former Chairman of the Supervisory Board of CJSC ``FC Sokrat``, has withdrawn from the structure of CJSC ``FC Sokrat``shareholders and has become the sole owner of ``Sokrat`` Asset Management Company LLC.

In May, 2009, when the changes in the organization structure of “Sokrat” IG had taken place, the new strategy of the Company was approved and “Sokrat” Asset Management Company was renamed to “PIOGLOBAL Ukraine” Asset Management Company. The purpose of the renaming was to integrate the asset management business after merger “Sokrat” Asset Management Company and “PIO Global Ukraine” Asset Management Company.

In summer, 2009, in order to expand the range of services “PIOGLOBAL Ukraine” Asset Management Company introduced to the mutual funds` market participants a new service – asset management outsourcing, including such functions as mutual funds’ asset management, accounting, reporting, legal counseling.

In October, “PIOGLOBAL Ukraine” Asset Management Company and CJSC “Ukrainian joint-stock insurance company ASKA” have concluded the contract on managing the asset of institutional investor which allowed to implement for the first time in Ukraine the asset management strategy on the СРРІ algorithm basis (CPPI – Constant Proportion Portfolio Insurance).

2008

	The authoritative international publication Euromoney has recognized ‘Sokrat’ as the Best Managed Institution in Asset Management in Ukraine within the ranking “Best Managed Financial Institutions”. This is the first time that the publication established performance rankings to highlight the best managed financial institutions, including companies from Western, Central and Eastern Europe, as well as the CIS. The companies covered in this ranking received high appraisal from experts based on several criteria, among which are the most convincing and coherent business strategy, the most improved performance, the most transparent financial accounts, the highest standard of corporate governance, and the most accessible company to investors and analysts.

Shares Premium Fund was created, which was oriented toward investors who are ready to take on an investment risk strategy that implies obtaining a high return.

Sokrat Future non-government open pension fund was created.

Sokrat AMC entered a contract to manage the assets of Magistral professional non-government pension fund, where both employers and employees of the railway industry will take part.

Sokrat MC and Ingo Ukraine JSIC signed a Memorandum of mutual understanding and cooperation in the field of pension provision and insurance.

Sokrat information centers were opened in Dnipropetrovsk, Kharkiv, Odesa and Lviv. In September the Company launched the Pre-IPO Premium Fund on the Ukrainian market. The Fund provides financing for the development of small and medium-sized companies and facilitates their access to capital markets through IPOs or private shares placements. Open Diversified Mutual Investment Fund Money Market Premium Fund was created in September as well, the assets of which are invested in short-term financial instruments that have the lowest risk. These include bank deposits and bonds issued by the State, municipal governments, private and state-owned companies, and commercial banks.

2007

Sokrat MC won a tender to provide services for the formation and management of ASKA UJSIC.

Within the strategy of sectoral investment, Energy Premium Fund was set up, which was the first sectoral fund in Ukraine investing in shares of energy-generating companies and thereafter, the Metallurgy and Machine Building Premium Fund, which invests in the shares of companies that belong to the mining and metallurgy, and machine-building industries.

Within a balanced investment strategy, the Index Premium Fund open index fund was set up, which was first such fund in Ukraine.

2006

Sokrat AMC signed an agency agreement with INDEX BANK JSC, which provided for access to information about investment facilities and the acquisition of investment certificates of the Premium type in all branches of INDEX BANK JSC. This event was the first precedent of cooperation between a banking institution and an asset management company on the Ukrainian financial services market.

2005

Balanced Premium Fund began its operation. This fund invests in shares and debentures of Ukrainian issuing companies.

2004

The first Premium Fund investment fund under the management of Sokrat AMC was created. The Premium Fund is an investment fund whose funds are invested in the securities of major Ukrainian industrial enterprises, which are the leaders in their respective sectors and demonstrate a value-growth trend, as well as in real estate projects.The first Premium Fund investment fund under the management of Sokrat AMC was created. The Premium Fund is an investment fund whose funds are invested in the securities of major Ukrainian industrial enterprises, which are the leaders in their respective sectors and demonstrate a value-growth trend, as well as in real estate projects.