Current price and net asset value
Past yields
Past performances don’t guarantee future performances. In addition to examining the retrospective yields, it is also essential to observe the recommended minimum investment horizon.
Infó
Total net asset value of the different investment fund series (data calculated using the compound interest method with a fractional exponent on a 365-day annual basis). Values before deduction of taxes, contributions and distribution costs. The sources of past performances: OTP Alapkezelő (funds).
Buy your investment unit in OTP InternetBank!
You can also buy your investment unit online if you have internet bank access and a securities account at OTP Bank.
DetailsPresentation of the fund
This is a fund investing in Russian equities.
For whom and for how long investment horizon is it recommended?
The recommended minimum investment horizon is 5 years.
Benchmark
- None
Objective of the fund
The Fund aims to preserve Russian investments held by the Fund that have been affected by sanctions and have therefore become illiquid, and to make them available to investors should these assets become liquid again at a later date.
Investment policy
At the end of March 2023, the Fund was split into a liquid and an illiquid part. The Fund’s liquid assets were included in the liquid series and trading resumed. The majority of these assets are currently in USD and EUR. The other part, called the illiquid part, is where we created the illiquid pair for each liquid series. These illiquid series include Russian equities, which are still not tradable due to Russian and European regulations and are valued at a significant discount compared to current Moscow prices. Also included in the illiquid series are the Fund’s holdings of roubles, which were received as dividends on shares last year and this year. The owners of the illiquid series are the same investors who owned the Fund at the time of its suspension in March 2022. Our main objective is that, if the current sanctions were lifted and investors from “non-friendly” countries were able to access their Russian investments, the Fund’s holders would benefit from the appreciation of these assets. However, the liquid part of the Fund does not offer this option, and is currently more akin to a money market fund holding foreign currencies. For this reason, anyone investing in the currently traded liquid series is not gaining exposure to Russian equities, but is taking on the risk of a money market fund of mixed currencies.
Portfolio managers
Awards and recognition
Over the years, the fund has been awarded the Privátbankár.hu Klasszis Award several times.
Where can you buy investment units?
At OTP Bank
The investment units of the fund are available online or in the branches.
Via OTP InternetBank or OTP MobilBank
You can also buy investment units online if you have internet bank access and a securities account with OTP Bank.
Buy online
In person at an OTP Bank branch
Find your nearest securities trading bank branch and make an appointment!
Book on appointmentFrom our distribution partners
You can also buy the investment units from our distributing partners. For more information, see the Fund’s Prospectus and Management Regulations
Information on distribution
There is no limit on the value of an investment in the fund. You can buy investment units in any amount and increase or decrease the value of your investment as you wish. Moreover, the nominal value of the fund is HUF 1 or EUR 1, so you can easily, flexibly and accurately adjust the value of your investment to the amount you want to invest.
What distribution fees should I expect?Please consult the various distributors’ announcements for more detailed information on the subscription and redemption commission charged by the distributors in relation to the distribution of the fund units and on any other fees and commissions arising in relation to the investment fund (securities account management fee, the transfer fee of fund units, etc.).
How does settlement take place?This is an open-ended fund, so its units can be bought and redeemed on any trading day at the net asset value (price) per unit on that day. For the distribution of the units of the fund T+3 days settlement will be used, i.e. the settlement and the crediting of the units will take place on the 3rd trading day (T+3 days) following the order at the price calculated on the basis of the closing price at the end of the trading day (T+1 day) following the order.
Past performances
Net returns based on net asset value, expressed as a percentage, annualized returns for periods longer than 1 year (calculated
using the compound interest method, based on a 365-day year). Values before deduction of taxes, contributions and distribution
costs. Source of historical yield data: Bloomberg (reference index) and OTP Fund Management (funds).
Risk indicators
In this section, you will find past performances of the main risk indicators for the fund. The volatility, tracking erreor,
alfa, maximum drawdown are expressed in percentage.
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