Bucharest, April 1st, 2010 – OTP Asset Management Romania announces that the closed end fund with capital guaranteed, OTP Green Energy, has been admitted to trading.
The fund units of OTP Green Energy can be traded at the market price, depending on demand and offer. Thus, those who wish to acquire or sell fund units will be able to do so as of the 1st of April, 2010.
„Upon its launch, we relied on the innovative character of OTP Green Energy fund and the access to one of the most dynamic and new sectors at European level: renewable energy. Now, through the fund’s listing on BSE, we provide those who wish to access the renewable energy sector, even after the closing of offer, the possibility to do so and at the same time offering a liquid investment”, Catalin Iancu, President OTP Asset Management Romania.
OTP Green Energy, an absolute premiere on the local market, was the first closed end fund with capital guaranteed in Romania, dedicated to renewable energy. Its launch also marked the consolidation of structured products, instruments which are highly appreciated by investors in the current context.
OTP Asset Management has been recently awarded by the Finmedia trust with the prize for the „Most innovative fund manager”, in a conference held on March 17th, 2010. This recognition comes naturally after the company has introduced three premieres within the past two years: OTP GarantisRO, OTP WiseRO and the newest closed end fund, OTP Green Energy. The 3rd edition of the „Investment Funds Market” has gathered major names from the community of SIFs (financial investment companies), investment funds and asset management companies.
OTP Asset Management Romania, member of OTP Group, recorded last year a dynamic growth regarding the development of products and management of stocks. At the present, OTP Asset Management Romania manages three open investment funds and three closed end funds with capital guaranteed in Romania. The company manages total stocks of more than RON 133 million, thus being placed as the fifth asset manager on the market with a market share of 3.28%. For further details: www.otpfonduri.ro.
OTP Bank Romania is a subsidiary of OTP Bank, the largest independent bank in Central and Eastern Europe. OTP Bank provides universal financial services in Hungary, Romania, Montenegro, Croatia, Bulgaria, Russia, Ukraine, Slovakia, and Serbia. OTP Group serves its more than 13.5 million customers in 9 countries, through more than 1,500 territorial branches, its ATMs network and via electronic channels.
For further information:
OTP Bank Romania:
Stefan Urziceanu, PR Coordinator
+4031 308 55 23, email@example.com