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Mutual Funds Investment Guide

Find useful information about mutual funds.

Start familiarising yourself with mutual funds. We have compiled key information to help you easily understand what they are, how they work and what their investment objective is.

Mutual Fund
What it is
A collective form of investment through the pooling of capital from multiple investors into a common pool of assets.
Professional management
The pooled assets are invested by a Management Company in transferable securities (bonds, equities, money market instruments, etc.).
Investment objective
Defined in the Rules of each Mutual Fund.
Rules, KID, Prospectus and regulatory documents
These documents include permitted investments, subscription and redemption terms, charges and other key information.
Net assets
The total assets of the Mutual Fund, divided into shares of equal value.
Investor participation
Investors acquire shares and become co-owners of the fund’s assets on a pro rata basis.
Performance
Investors participate proportionally in the income, expenses, profits or losses of the Mutual Fund.
Daily valuation
The Management Company calculates the Net Asset Value (NAV) and share price on a daily basis.

Piraeus Mutual Fund Share Classes

Share class R

Available to all clients/investors without distinction.

Share class I

Available to institutional investors with a minimum investment of €500,000 and to clients receiving discretionary portfolio management services.

Share class P – Private Banking

Available to investors participating through Private Banking services.

Share class U

Intended for Unit Linked insurance products of NN HELLAS.
Main Mutual Fund Categories
Money Market Mutual Funds

Standard MMF

  • Deposits and money market instruments
  • No investment in equities
  • WAM: 6 months
  • WAL: 12 months

Weighted Average Maturity (WAM)
Weighted Average Life (WAL)

 
Bond Mutual Funds
  • At least 65% invested in bonds
  • Up to 10% invested in equities
 Bond Fund of Funds
  • At least 65% invested in shares of bond mutual funds
Mixed Mutual Funds
  • At least 10% invested in bonds
  • At least 10% invested in equities
  • Up to 65% invested in bonds
  • Up to 65% invested in equities
  • Up to 65% invested in deposits and money market instruments

Mixed Fund of Funds

  • At least 10% invested in bond mutual funds
  • At least 10% invested in equity mutual funds
  • Up to 65% invested in bond mutual funds
  • Up to 65% invested in equity mutual funds
  • Up to 65% invested in mixed mutual funds

Equity Mutual Funds
  • At least 65% invested in equities

Equity Fund of Funds

  • At least 65% invested in shares of equity mutual funds

Equity Index Mutual Funds

  • At least 95% invested in the index they replicate, through equities and related derivatives
Complex Mutual Funds
  • Invest in all financial instruments permitted by law
  • Apply management strategies aiming to achieve a predefined return

Investment Objective

The investment objective defines the geographical area, sector, market capitalisation, maturity, management style, and the credit quality of issuers in which the portfolio will invest.

The collective capital of investors is used to acquire various types of securities, including money market instruments, bonds, equities, derivatives, etc.

Some mutual funds aim to achieve absolute returns, regardless of benchmark performance. A mutual fund may also seek to replicate or outperform its benchmark over a specific investment horizon.

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