- Investments in bonds, bank deposits and other financial instruments
- The new fund mainly addresses retail and institutional investors, for medium term investments
- The minimum amount of the investment is only 50 USD
- ZERO subscription and redemption fees
- OTP Asset Management continues to be the undisputed leader in the euro bond funds industry in Romania, registering the best yields on the market for the second consecutive year, i.e. 86% (2012), 4.46% (2013). The company ranks second among bond funds and money market funds in RON.
Bucharest, February 3rd, 2014 – OTP Asset Management, one of the leading investment fund managers in Romania, announces the launch of the first open ended bond fund denominated in USD in Romania, OTP Dollar Bond.
The company’s investment strategy focuses on maximizing yields for investors, through a combination of capital growth and income on the fund’s assets considering market’s liquidity and diversification. Thus, the investors’ assets will be mainly directed towards fixed income instruments, such as T-bills, government, municipal and corporate bonds mainly issued by EU member states from Central and Eastern Europe, as well as bank deposits and other money market instruments. The fund will not invest in equities.
OTP Asset Management may use derivatives in order to hedge foreign exchange currency risk and interest rate risk, as well as to achieve the fund’s investment objectives.
The fund mainly addresses retail and institutional investors planning to invest their resources for more than 9-12 months. The minimum amount of the investment in OTP Dollar Bond is only 50 USD.
“The market is becoming more and more sophisticated and investors are following this trend. They have clearly-defined and wide-range needs and expectations, while having a good knowledge regarding the capital market’s mechanisms. Therefore, we considered it was a good time for OTP Asset Management to add a new investment fund with attractive yields and flexible conditions to its portfolio”, declared Dan Popovici, CEO of OTP Asset Management Romania.
The subscription and redemption fees related to OTP Dollar Bond are zero.
Present on the local market since 2007, OTP Asset Management Romȃnia SAI S.A. is among the top six investment fund managers in Romania, in terms of assets under management. The company manages a wide range of open-ended funds, allowing the investors to access their investments through OTP AvantisRO, as well as investments in T-bills, government bonds through OTP Obligațiuni and OTP Euro Bond. The company also manages two closed end funds (OTP Agri Fund and OTP Properties), which attract resources from private offers.
OTP Asset Management continues to be the undisputed leader in the euro bond funds industry in Romania, registering the best yields on the market for the second consecutive year, i.e. 5.86% (2012), 4.46% (2013). The company ranks second among bond funds and money market funds in RON.
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