Non-government pension fund «OTP Pension» under management of «OTP Capital» took the first place by yield in Ukraine with the 17.9% return in 2013 according to the ranking published by the National Association of Non-Government Pension Funds of Ukraine and Private Pension Funds Administrators (NAPFA).
«OTP Pension» invests its assets in the most reliable instruments on the financial market – bank deposits, government and bank bonds – in order to increase customers' savings and to protect them from inflation. Stable work, reliability and high yields during all years of operation also allowed «OTP Pension» to become the leader in Ukraine by the amount of pension payments from individuals by the results of 2013. «OTP Pension» also actively works with corporate clients, which implemented pension program as an additional motivation for employees, and is in the list of 10 leading funds by the number of investors-legal entities.
«The return of the fund in 2013 amounted in 17.9%, which is 3.9% higher than yield obtained in the previous year. This high yield was achieved due to correct forecasting of rates cycles on money market and allocation of fund’s assets during these periods. Most of the return was obtained at the end of 2013 due to transactions with government bonds denominated in US dollars. In 2014 we expect further growth in «OTP Pension» performance that will allow our fund to enter the list of TOP-10 largest non-government pension funds in Ukraine»- says Taras Yeleyko, Head of Investment Department of AMC «OTP Capital».
Non-government pension funds attract pension payments from individuals and legal entities on a voluntary basis, invest this money with the aim of its growth and protection from inflation, and later make payments to participants with accumulated pension assets in addition to the state pension payments.
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, 3 venture funds as well as open private pension fund OTP Pension. 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.