OTP Bank and OTP Capital attracted a record 34.7 million UAH in unique hybrid product "Podviynyi Rezultat"
Campaign aimed to collect investments in “Podviynyi Rezultat” resulted for OTP Bank and asset management company OTP Capital in attraction a record investment in amount of 34.7 million hryvnias. The product, which combines bank deposit and mutual fund in equal proportions, is unique for Ukraine and is offered by OTP Group since 2012. This allows clients to receive an increased rate on deposit and additional income from investments in financial market instruments.
This time "Podviynyi Rezultat" product gave an opportunity to get 15% of annual yield for 3-month deposit with OTP Bank and investment of an equal amount in the mutual fund managed by OTP Capital. The assets are invested in Ukrainian G-bonds, which under current conditions are bringing more than 16% of annual yield. Profit from the fund will be paid to investors in form of dividends, which allows to reduce taxes by half, down to 9%.
"We are always ready to offer non-standard products for Ukrainian market in order to meet the current needs of our clients. “Podviynyi Rezultat” sales results show that Ukrainians are ready to use new investment opportunities because of relatively low deposit rates. We are glad that clients are increasingly involved in the world’s common investment and capital accumulation practices. To support it, we have a wide range of funds that allow clients to choose an effective investment tool that meets their goals and expectations," said Vitaliy Dyshlovy, Head of Sales and Marketing Department of Asset Management Company “OTP Capital”.
AMC "OTP Capital" constantly offers investment funds with various investment strategies. Thus, according to the results of 2017, the fund "OTP Classic" with a conservative strategy brought its investors 15.3% per annum, the fund "OTP Valutnyi", which invests funds exclusively in USD-nominated instruments, earned 5.8% per annum, and "OTP Equity Fund" has grown by 45.2% per annum.
Note: the profitability of investments made on financial market can increase or decrease. Fund performance results in the past do not guarantee the same performance results in the future. The state does not guarantee the profitability of investments in mutual funds. AMC OTP Capital LLC does not guarantee returns of investment instruments mentioned in this material.
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AMC OTP Capital LLC was established in July 2007 by the Ukrainian OTP Bank (9.9%) and the Hungarian Asset Management Company OTP Fund Management (90.1%), and became the second OTP Group representative after OTP Bank in Ukraine.
The company provides a wide range of high quality investment services to both corporate clients and individuals, and is one of the leaders in the mutual investment market. AMC OTP Capital manages seven public investment funds, eight venture funds, assets of insurance companies, as well as four non-governmental pension funds, including the largest non-governmental pension fund in Ukraine – Open Pension Fund “OTP Pension”, the FreeFlight Monetary Fund and the Magistral Pension Fund for railway and transport construction staff. There is UAH 4.1 billion of its assets under management.
Public joint stock company OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The Bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard. Its absolute owner is the largest Hungarian Bank OTP Bank Plc.