OTP Valutnyi – new fund and strategy that has stood the test of time
On October 26, 2015 a new interval mutual fund "OTP Valutnyi" was launched by AMC “OTP Capital”. The fund is the successor of "OTP Valutniy" fund, which showed one of the best results among all financial instruments in Ukraine during last 2 years. The fund’s strategy, aimed at investments in foreign currency government bonds and bank deposits, yielded 235.3% (105.6% of annual return), 20.3% (9.1% of annual return) in dollar equivalent.
The new "OTP Valutnyi" has a similar strategy, which includes investments in foreign currency nominated instruments - government bonds, bank deposits and futures. This protects clients’ savings in case of UAH devaluation, as well as gives an opportunity to receive higher yield than on foreign currency bank deposits. Another fund advantage – its performance does not depend on the term of investment - investor can withdraw capital on a quarterly basis.
"OTP Valutnyi" was one of the most successful of our funds and was in great demand. That is why we have decided to establish a twin-fund that will give our investors good opportunity to invest UAH assets into foreign currency instruments effectively, safely and without significant limitations. This is also an opportunity for our old clients to convert their capital from the old fund into the new on the tax-free basis,"- said Grygorii Ovcharenko, CEO of "OTP Capital".
Asset management company OTP Capital was established in July 2007 and became the second after OTP Bank representative of OTP Group 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 of the collective investments market. AMC OTP Capital manages 7 public mutual funds, 3 venture funds, reserves of insurance companies and non-government pension fund. Total assets under management: UAH 194.02 mln.
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.
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.