OTP Capital launches new mutual fund OTP Maximum with public offering

The Kyiv-based asset management company OTP Capital has announced the launch, starting September 1, of a public offering of its new closed-end, non-diversified mutual investment fund "OTP Maximum." The fund has a lifespan of 30 years and a declared volume of UAH 400 million.

"The fund is focused on implementing high-yield investment strategies within the Ukrainian market," the company told Interfax-Ukraine.

According to Yuriy Alekseenko, Head of the Investment Activity Department at OTP Capital, the idea for the fund emerged in response to numerous client requests over the past year for instruments with higher returns, greater risk tolerance, and maximum liquidity.

"OTP Maximum will be a strong competitor to existing hryvnia instruments – deposits, government bonds, corporate bonds, current accounts, and so on. The fund's strategy is structured so that its profitability will exceed the returns on government bonds and reach the levels of corporate bonds," Alekseenko assured.

The minimum investment in the fund is UAH 1 million, with purchase and sale options available daily.

OTP Capital was established in 2007 by Hungary's OTP Fund Management together with OTP Bank Ukraine. The company operates in four directions: managing mutual investment funds, private pension funds, venture funds, and insurance company assets.

According to its website, OTP Capital currently manages UAH 4.8 billion in assets and serves 68,700 clients. Under its management are seven public investment funds, four private pension funds, and six private investment funds.