After August 4, subscription fees will be charged. Absolute yield funds managed by Raiffeisen Asset Management do not charge repurchase fees, regardless of the period of ownership.
Absolute yield funds are free to apply a wide range of strategies, seeking to generate yield in any market context, even when stock markets fall. The fund equally aims to limit the possible maximum decline at 10%, even under the most difficult market conditions, Raiffeisen Asset Management said in a statement.
Raiffeisen Asset Management is the second largest fund manager in Romania, managing assets worth the equivalent of EUR1.5 billion.