Fundusze inwestycyjne BPH TFI

Subfund profile
Risk level:	Moderate
Fund category:	Foreign fixe-income
Fund manager:	Michal Holda
Benchmark:	Merrill Lynch Poland, Hungary, Czech, Turkey, Slovakia Government Index
Valuation:	daily

INVESTOR PROFILE
The subfund is designated for investors who are interested in depositing their savings on the foreign markets. It is an alternative for people accepting relatively low investment risk at the same time expecting higher returns than in case of investing in polish bonds funds. However investors shall bear in mind that investments in stocks and bonds denominated in foreign currencies are burdened with the currency exchange risk. The investment horizon shall not be shorter than two years.

INVESTMENT POLICY
The purpose of the subfund is the increase in the value of its assets as a result of deposits value growth. The subfund allocates its assets in financial instruments for the Emerging Europe, including Central and Eastern Europe states.
The subfunds allocate not less than 70% of its net assets in debt securities such as bonds, treasury bonds and certificates of deposits. 

Net assets value of the investment portfolio may vary moderately as a result of price changes of the financial instruments being included in the Subfund portfolio.
The Subfund may allocate more than 35% of its assets in bonds issed, collateralled or guaranteed by the Polish State Treasury, the Polish National Bank as well as in bonds issued by any Member State or one of the states belonging to OECD, other than Republic of Poland.

Prospectus (Polish version)
 

Short Prospectus (Polish version)
 

Financial Reports (Polish version)