Mutual funds “OTP Classic” and “OTP Obligatsiynyi” managed by “OTP Capital” became the first funds in Ukraine, which used an opportunity, provided by the new Law of Ukraine “On Collective Investment Institutions”, and changed their type from diversified to specialized. “OTP Classic” became a money market fund (Certificate NCSSM №851-1 from 24.06.2014), and “OTP Obligatsiynyi” - bond fund (Certificate NCSSM № 00079-1 from 24.06.2014). Changing type will allow these funds to expand their asset investment limits and to implement more flexible investment strategy for yield maximization.
Fund “OTP Classic” is an alternative to savings and short-term deposits, which allows its clients to withdraw money just in one day without yield losses. This is the optimal solution for short-term investments with high liquidity. After the transformation, the fund will focus its activity on investing its assets to bank deposits.
Fund “OTP Obligatsiynyi” can be compared with 6-12 months bank deposits, with ability to sell its certificates on any working day. This fund will specialize in government and bank bonds.
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.