Return of "OTP Podviynyi" mutual fund reached 23% per annum
"OTP Podviynyi" mutual fund managed by "OTP Capital" has earned for its investors 23,13% of annual yield. Thus, the fund results exceeded deposit rates of the most banks in Ukraine.
Mutual fund aimed to form conservative strategy with capital protection, which involved fixed income and money market instruments along with risks control mechanism. This approach made it possible to obtain higher returns with minimization of temporary stock market fluctuations risks.
“Our aim is to form a complete investment portfolio by complementing classic bank deposits with investment funds and non-government pension fund. This is normal practice of capital preservation and growth in Europe, which, in our opinion, must be a standard in Ukraine as well", - said Vitaliy Dyshlovy, Head of Sales and Marketing Department of AMC "OTP Capital".
On September 19, 2016 OTP Capital asset management company together with OTP Bank started sales of a promo deposit program Podviynyi, which combines the features and benefits of classic bank deposits and investment funds. It means higher interest rate for deposit, on one hand, and additional return from investment fund, on the other.
This special offer gives clients an opportunity to receive return of 19% per annum for 3-month deposit by placing the same sum into investment fund with one year duration term. As for the mutual fund, OTP Capital expects to show returns that will exceed 12-month deposit rates using conservative strategy based on government bonds and deposits in state-owned banks and banks with foreign capital.
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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.