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FAQs | M/Fs Piraeus

When and where can i obtain units?

The units of the Piraeus Asset Management MFMC Mutual Funds may be obtained any business day for credit institutions in Greece  via the Piraeus Bank branch network.

How to choose a Mutual Fund

Our priority at Piraeus Asset management MFMC and Piraeus Bank Group is to understand your investment needs and objectives, and to provide the necessary assistance in order for you to select the appropriate Mutual Fund that shall correspond in the best possible way to your investment profile. That is why the first thing to do is to communicate and discuss with us the products and services which are offered by our company.

What is the process of acquisition of units?

In order to obtain units of the Piraeus Asset Management MFMC Mutual Fund, it is required:
  • to be given the Form «Key Information for Investors»; 
  • to fill in a compatibility – suitability questionnaire; 
  • to apply as prospective unit holder to the Company, filling in the respective application form; and 
  • to pay in full to the Depositary the value of the Mutual Fund units in cash.
The day of the application submission shall be deemed as the participation date, provided that the application was submitted within the cut-off time (14:30 working days) set for the Mutual Fund, and it was accompanied by the deposit of the consideration paid for the acquisition of the units in a host account of the Mutual Fund.

How is the price of units determined?

The subscription price of the Mutual Fund units is determined by the value of the unit on the day the application for the participation in the Mutual Fund was submitted, provided that it was filed within the defined cut-off time and that the value of the units has been paid in full to the depositary. The subscription price is calculated on each business day and posted on the Company's website. The subscription price of the Mutual Fund units may exceed the net value of its unit at the rate of the corresponding commission.

When and where can I liquidate my investment?

The units of Piraeus Asset Management MFMC Mutual Funds may be redeemed any business day for credit institutions in Greece via the Piraeus Bank branch network.

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