JSC “MOESK” is among leading companies in electric power sector

Investment Financial Company “Metropol’” has developed a new index of companies’ bonds in the electric power sector. The indicator reflects the dynamics of prices, profitability and durations of companies’ bonds in the sector, admitted to trading on the MICEX Stock Exchange.

According to the developers, new analytical product is intended to become an industry control index, which will allow monitoring of the fund management or investment portfolios effectiveness.

As it was noted by Head of management of debt instruments and derivatives analysis of IFC Metropol’ Pyotr Kadysh, index differs that covers all segments of the electric power industry.

A new indicator was developed in accordance with the recommendations of the CFA Institute and fully meets the international standards of stock indices construction, corresponding to such important criteria as the possibility of replication without active management, the ability to assess the value of bonds on an ongoing basis, the precise definition of Bond Ratio of the companies, entering into its composition, etc.

In the current composition of the Index (100%) the following companies and bond issues are included: FGC series 7 (34.9%), RusHydro series 1 (28.9%), Mosenergo series 2 (8.2%), WGK-5 series 1 (9.2%), TGС-1 series 01 (5.0%), MOESK series 1 (4.9%), WGK-6 series 1 (2.9%), TGC-9 series 1 (2 5%), TGC-6 series 1 (2.0%), Lenenergo series 2 (1.7%), TGC-5 series 1 (1.5%), TGC-2 series 1 (0.8%) , IDGC of the South series 2 (0.5%).

The shares of companies are calculated on the basis of their market capitalization at the beginning of March 2011 and are used to construct indicators in retrospect.