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Eurobank Mutual Funds

05 February 2004
For the third time STANDARD & POOR’S assigns Fund Rating to Eurobank Mutual Funds managed by EFG MFMC. It is pointed out, that EFG MFMC is the first and the only one Greek Mutual Fund Management Company that receives Fund Rating from an international house.
For the third time STANDARD & POOR’S assigns Fund Rating to Eurobank Mutual Funds managed by EFG MFMC. It is pointed out, that EFG MFMC is the first and the only one Greek Mutual Fund Management Company that receives Fund Rating from an international house.
The fund rating consists of the Credit Quality and Volatility Rating of and Eurobank Plus Money Market Fund, Eurobank Bond Fund and Eurobank International Corporate Bond Fund. The assignment of Rating to a fund by STANDARD & POOR is a long lasting, continuous, and in depth procedure based in the following qualitative and quantitative criteria:
  • the skills and the expertise of the management team
  • the structure of the management company and the internal audit procedures
  • the transparency in Mutual Funds’ management policy
  • the long term performance of the fund
  • the size and the stability of the organization responsible for the management of the mutual funds The scoring of Eurobank Mutual Funds’ credit rating is the following: Eurobank Plus Money Market, Credit Rating Af, that signifies the strong protection it provides against losses from credit defaults. Eurobank Bond Fund, Credit Rating Af, that signifies the strong protection it provides against losses from credit defaults. Eurobank International Corporate Bond Fund, Credit Rating –BBBf, that signifies the adequate protection it provides against losses from credit defaults. The above rating is in line with the investment strategy of the fund aiming to high performances.
    According to Mr. Aris Xenofos, Managing Director of EFG MFMC, the initiative of the company and the results of the rating “reflect the principles of care in management, stability in results and consistency in strategy that characterize the broad management policy of EFG MFMC”.
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