Exceptional combination of return, risk and liquidity
About
For all types of investors, MONETIKA, an open-ended mutual fund, is an investment instrument representing an alternative to getting returns from bank saving accounts or term deposits. Since the fund’s yield is related to the Czech National Bank’s two-week repo rate, MONETIKA offers its investors a combination of low risk, high liquidity and attractive return. Compared to ordinary banking products, the fund also offers several other advantages, including instant response to the repo rate changes by the CNB and tax exemption options.
Fund Investment Goals and Strategy
The key advantage of MONETIKA, an open-ended mutual fund, is providing investors with an appropriate and easy-to-understand alternative to seeking capital returns via bank deposits. The parameters of the fund make it suitable for investors who know when and for what purposes they will need to have the money at their disposal in the future but also want to put their savings to work in the meantime.
Attractive Returns
The fund’s yield is related to the Czech National Bank’s two-week repo rate, reduced only by the fund’s costs. This is a conservative investment instrument with low risk. For example, with the CNB rate at 7% p.a., the fund will yield returns at up to 6.5% p.a.
Predictable Return
MONETIKA’s structure allows it to adapt very swiftly to changes in CNB interest rates. Any change is therefore quickly and fully reflected in the client’s return. There is no delay, and limited transmission of the changed CNB interest rates, as in the case with bank deposits.
High Liquidity
The fund’s securities trade daily. Buy and sell orders for its share certificates can be made at any time. Clients usually have their money deposited in their bank account within three working days, following the share certificate redemption order. There are no exit fees charged.
Optional Tax Exemption
Unlike bank savings accounts or term deposits, investments in MONETIKA fund are exempt from income tax when the time-test for holding the securities is met (the possibility of using the tax exemption depends on the specific tax status of the investor).
Fund Details
| Type of Fund | special collective fund, open-ended mutual fund – Class CZK |
|---|---|
| Fund Manager | INVESTIKA, investiční společnost, a.s. |
| Administrator | INVESTIKA, investiční společnost, a.s. |
| Portfolio Manager | Václav Kovář |
| Depositary | Česká spořitelna a.s. |
| Auditor | Kreston Audit FIN s.r.o. |
| Frequency of pricing and trading | daily |
| Recommended Invesovánítment Horizon |
1 Year and longer |
| Minimum Investment | CZK 100 |
| ISIN | CZ0008477379 |
| Currency | CZK |
| Entry Fee | Maximum 1% of the invested amount |
| Exit Fee | 0 % |
| Management Fee | 0.35% of the value of the fund capital p.a. |
| Administration Fee | 0.05% of the value of the fund capital p.a. |
| Type of Fund CZK | special collective fund, open-ended mutual fund – PROFI |
|---|---|
| Fund Manager | INVESTIKA, investiční společnost, a.s. |
| Administrator | INVESTIKA, investiční společnost, a.s. |
| Portfolio Manager | Václav Kovář |
| Depositary | Česká spořitelna a.s. |
| Auditor | Kreston Audit FIN s.r.o. |
| Frequency of pricing and trading | daily |
| Recommended Investment Horizon |
1 Year and longer |
| Minimum Investment | CZK 10 million |
| ISIN | CZ0008477361 |
| Currency | CZK |
| Entry Fee | No Charge |
| Exit Fee | No Charge |
| Management Fee | 0.05% of the value of the fund capital p.a. |
| Administration Fee | 0.05% of the value of the fund capital p.a. |
