Ukio Bankas Investment Opportunities Fund Launched Offering
OREANDA-NEWS. September 17, 2009. Offering of Ukio bankas Investment Opportunities Fund, being the first umbrella collective investment undertaking in Lithuania, is launched. This Fund, managed by the company UAB Ukio banko investiciju valdymas comprises Chinese, Russian, the US, European and Money Market sub-funds, reported the press-centre of Ukio Bankas.
“We are the first in Lithuania to introduce an umbrella investment fund in Lithuania, providing opportunities for investors to simply, efficiently and rather cheaply invest in interesting and, in our opinion, promising directions. Investors are offered to use flexibility in choosing the sub-funds of Ukio bankas Investment Opportunities Fund for their investments. The aim of Ukio bankas Investment Opportunities Fund’s sub-funds is to achieve the greatest possible correlation with the Chinese, Russian, US, European or Money Market Instrument indices,” Julius Ivaska, deputy director of UAB Ukio banko investiciju valdymas, said.
All the clients investing in Ukio bankas Investment Opportunities Fund (Chinese, Russian, European, the US or Money Market Instrument sub-funds) will be waived of distribution fees until the end of 2009.
As emphasised by Julius Ivaska, the investors of Ukio bankas Investment Opportunities Fund will also enjoy additional taxing benefit as, pursuant to currently applicable legislation, the personal income tax is not applied when exchanging units of one sub-fund for those of another.
Offering of Ukio bankas Investment Opportunities Fund takes place via Ukio bankas client service network. At present, UAB Ukio banko investiciju valdymas also manages the globally diversified Ukio bankas Bonds Fund and Ukio bankas Rational Investment Fund.
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