Investment strategy: Fund invests its assets to money market and bond instruments, mainly to government bonds of Central European countries (Slovakia, Czech republic, Poland, Hungary) which are denominated in EUR, CZK, PLN and HUF.
Purpose of the fund is to achieve return higher than of the government bond market on three fo five year horizon. The investment enables the client to take advantage of higher interest rate environment in foreign countries outside of the Euro zone and to benefit from expected long term appreciation of currencies of the new EU member countries against euro.
Potential risks – mutual fund asset value is affected by a few risks, especially the risk of interest rates fluctuation, emitter risk, market risk and since the fund invests in assets in domestic as well as in foreign currencies, also currency development risk.
Calculation of mutual fund asset value – the asset management company performs valuation of mutual fund assets daily per each working day. Mutual fund asset value is determined in accordance with Act No 203/2011 Coll. on Collective Investing as amended by the later regulations. Asset value created by means on current, deposit and foreign currency accounts is added to the value of securities, value of receivables is added and value of liabilities is deducted. Thus we calculate the overall net asset value (NAV) in the mutual fund.
Current value of one share is determined as proportion of overall net asset value in the mutual fund to the number of shares in circulation (difference between the number of issued and returned shares).
Data on mutual fund asset value – data on mutual fund net asset value, number of issued and returned shares for the period since the previous publication of these data, on monetary sum for issued and returned shares, current share price, sale and purchase price of the share are published at least once a week in periodic national press publishing stock reports. In addition, it is possible to obtain these data at the seat of the company and at points of sale.
WARNING:
Pursuant to §151 of Act No 203/2011 Coll. on Collective Investing as amended by the later regulations, Alico Funds Central Europe správ. spol., a.s. warns the investors, that certain risk is connected with the investment in mutual funds and current profit does not guarantee future profit.
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