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Interval investment fund (or the Asset Management Company which is manages assets of the fund) is obliged to provide redemption of fund’s securities during the periods mentioned in prospectus of the fund but once a year at least.*
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 during the periods mentioned in prospectus of the fund. This scheme reduces risk of unexpected decrease of fund’s assets as a result of mass securities’ redemption. This approach lets to invest assets to middle-term financial instruments for the purpose of achievement higher level of yield.
Mutual interval diversified investment fund «OTP Balanced» is recommended primarily to investors who are seeking for middle- and long-term possibilities to keep and increase their private funds. Assets of the fund are investing to wide spread of financial instruments with different level of risk and yield. Assets’ structure is balanced to provide acceptable risk of investments, steadiness to market fluctuations and higher than in open fund yield.
* - 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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