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Open-end investment fund (or the Asset Management Company, which is manages assets of the fund) is obliged to provide redemption of fund’s securities at any time when investor applies*.
Investor can invest money into the mutual investment fund by buying investment certificates which confirm that investor owns some part of the fund’s aggregate assets. Investor can purchase certificates at the nominal value (in just opened fund) or at the market price as for day of purchase.
If investor decides to get back investments he can sell investment certificates to the fund (or Asset Management Company) at the market price as for day of selling. Profit (or loss) received by investor depends on difference between price of buying and price of selling investment certificates.
Money invested into open-end fund can be returned by investor at any working day. When investor applies for return of invested money Asset Management Company is obliged to redeem certificates at the price which is fixed at the day of application.
Mutual open-end diversified investment fund «OTP Classic» is intended primarily for investors disposed to conservative investment strategy. Assets of the fund are investing to the most stable and reliable assets – low-risk stocks and bonds, cash and deposits, etc. Fund’s investment strategy and assets’ structure are aimed to create diversified investment portfolio. This approach lets to provide maximum possible yield under the lowest risk level.
* - according to the classification stated by the Law of Ukraine “About the institutes of the mutual investing (mutual and corporate investment funds)” ¹ 2299-²²² dated 15.03.2001
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