The purchase of the fund’s investment units has several inherent risks, the majority of which can be tracked back to the fact that the value of the assets included in the fund’s portfolio fluctuates. The price changes of the majority of the investment assets included in the fund’s portfolio depend on the macroeconomic situation of Hungary, including the changes to inflation and interest rates, and is significantly affected by the development of equity prices and the extent of the profits achieved by the corporations. However, in the short term, corporate results and the changes to equity prices may differ significantly.
You can receive detailed information on the potential risks of the fund from the official and currently valid Management Regulation (section IV.26) and Key Investor Information Documents (KIID) approved by the National Bank of Hungary (hereinafter referred to as: the Supervisory Authority). Before making the decision on your investment please study all the potential risks of the fund in the aforementioned documents.
This information is not comprehensive, for further information including the fund’s investment policy, distribution costs and the investment’s potential risks, please check out the currently valid Prospectus, Management Regulation, Key Investor Information Documents and the bank’s currently valid List of Conditions and Business Rules.
The distributor of the investment units is UniCredit Bank Hungary Zrt. (Activity Licence No.: I-1523/2003), a member of the Budapest Stock Exchange. This information is a commercial communication as per Act CXX of 2001 on Capital Markets and Act XVI of 2014 on collective forms of investment and the managers thereof, and on the modification of certain financial laws, but it does not qualify as a proposal, recommendation or investment consultancy.
Please consider the subject, risk and fees of the investment prior to making your decision on it, along with the potential damages that stem from it. In addition, prior to making your decision, we particularly request you to study the Key Investor Information Documents (KIID) approved by the National Bank of Hungary (hereinafter referred to as: the Supervisory Authority) thoroughly, along with the fund’s official Prospectus and Management Regulation. The approved Key Investor Information Documents related to the fund and its official Prospectus and Management Regulation are available on the Fund Manager’s website at www.amundi.hu, the Distributor’s website at www.unicreditbank.hu and on www.kozzetetelek.hu which is operated by the Supervisory Authority.
We draw your attention to the fact that the profit from the investment and the original value of the investment will fluctuate as a result of which the value of the investment units owned by the investors may be higher or lower than the amount paid upon purchase when sold.
On behalf of the fund, the Fund Manager shall comply with its obligation to provide information regularly in connection with the fund by publishing the annual and the semi-annual reports as well as the monthly portfolio reports on the places of disclosure (the Fund Manager’s www.amundi.hu, and www.kozzetetelek.hu which is operated by the Supervisory Authority).
1 A fixed deposit which is not connected to any special promotions or limiting conditions.
2 The essence of the funds operating with an absolute return strategy is that the manager of the fund strives to achieve a yield target as opposed to the funds which try to exceed the performance of a certain selected market i.e. they strive for a relative performance. The range of the investment assets of the absolute return funds is wide, they enjoy great freedom in the re-grouping between the various asset categories. In order to avoid or decrease losses, risk management algorithms are applied.