By the results of the first half of 2014, fund “OTP Valutniy” became the best mutual fund in Ukraine by return with 55.70% yield in six months, according to the rating of «Investfunds.ua» information portal. Another fund managed by “OTP Capital” – “OTP Equity Fund” – took 5th place in the rating with 32.79% yield in six months.
Assets of “OTP Valutniy” are placed only in foreign currency fixed-income instruments, government bonds and bank deposits, which ensures the safety of savings in case of exchange rate decline and enables clients to receive higher yield than on foreign currency bank deposits. Thus, the fund not only protected the customers from the devaluation, which amounted 48%, but also earned 5.3% in USD (10.9% annual return) YTD.
“OTP Equity Fund” invests most of its assets into the shares of Ukrainian companies. Using the equity market recovery, fund received high return for its investors. This fund also provides customers with absolute liquidity – they can withdraw money any day.
“We are pleased that two of our funds are in the top five, and “OTP Valutniy” is the leader of the rating. This fund has been created to protect client money from devaluation and perfectly fulfilled its mission. Even without taking into account its important function of currency risk hedging, its 10-11% yield in USD is also quite interesting. “OTP Equity Fund” aims to generate income on the growth of the stock market and this what is happening since February. Despite the difficult situation in the east of Ukraine, where are many companies, placing its shares on the stock market, I consider such an investment risky, but potentially very profitable instrument. As soon as the situation will be stabilized, we will see even more growth. Therefore, one should not miss this opportunity to invest right now, at the low price” – said Taras Yeleyko, Head of Investment Department 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. Under the management of AMC OTP Capital are 7 public mutual funds, 4 venture funds and non-government pension fund. Total assets under management as of 31.03.2014 amount to UAH 187.74 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.