OTP CETOP UCITS ETF – Beyond 100 Million Euros
The exchange-traded regional investment fund jointly developed by OTP Fund Management and OTP Bank has increased its net asset value more than one hundredfold since its launch. In less than two years, the assets under management of the OTP CETOP UCITS ETF have exceeded 100 million euros. By bringing together the 25 most actively traded and largest listed companies in Central and Eastern Europe into a single product, the fund has also become especially popular among retail investors.
The OTP CETOP UCITS ETF has reached an important milestone: the net asset value of the exchange-traded fund focusing on Central and Eastern European blue-chip stocks has risen above 100 million euros. Launched in spring 2024, the ETF has quickly become one of the fastest-growing investment products on the Hungarian market. This growth shows that interest in regional equity markets is increasing not only among institutional investors, but also among private individuals.
“The strength of the OTP Group lies in group-level cooperation and cross-border knowledge sharing. As a Budapest-based multinational company, we have deep regional market knowledge in Central and Eastern Europe, which provides strong support to our clients. This shared expertise and our close cooperation with OTP Fund Management made it possible to create a product that fills a real gap in the market: the OTP CETOP UCITS ETF. Reaching 100 million euros in less than two years is not just an impressive figure, but clear proof that with the right structure and transparent operation, a leading regional investment product can be built. One that can serve as a regional benchmark and help maintain long-term interest in Central and Eastern European markets,” said Attila Bánfi, Managing Director of OTP Global Markets.
The fund provides access to the region’s largest and most actively traded listed companies through a single investment instrument. This makes it easier to invest in the region for those who previously considered it too risky or too complex to invest separately in different countries. This applies to both retail and institutional investors, as many institutional players were previously unable to enter Central and Eastern European capital markets due to legal or settlement-related barriers. The OTP CETOP UCITS ETF, which is also available in derivative form, supports better market understanding and long-term thinking in the region’s equity markets.
“With the OTP CETOP UCITS ETF, we have created a missing link that connects investors with the leading companies of our region in a cost-efficient way,” said Tibor Turner, Deputy CEO of OTP Fund Management. He added that Central and Eastern European equity markets remain undervalued compared to developed markets, which may offer an attractive entry point for investors over the long term.
“In 2025, the CETOP NTR index was the most actively traded ETF on the Budapest Stock Exchange, and its 56 percent increase clearly shows the strength of Central and Eastern European equity markets. The growth of the index and the popularity of the ETF indicate that regional companies, including Hungarian ones, are attractive to both domestic and international retail and institutional investors. The product created by the OTP Group is an important part of the Budapest Stock Exchange’s offering and demonstrates the long-term professional value of cooperation between OTP and the exchange,” said Tibor Tóth, CEO of the Budapest Stock Exchange.
The OTP CETOP UCITS ETF has also received strong professional recognition. In 2024, it was awarded a special prize at the Austrian XENIX ETF Awards, followed by the “Product Innovation of the Year 2024” award at the Budapest Stock Exchange’s BÉT Legek event. In 2025, it also received the “Fund Management Development of the Year” award at the Portfolio Professional Investment Day.
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Public Joint Stock Company OTP Bank is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. JSC 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.
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