The Subfund’s investment policy assumes that assets are allocated either in equities or in bonds, depending on the expected medium-term market trends. Equities account for no less than 20% and no more than 80% of the Subfund’s portfolio. The Subfund may invest the remaining funds in financial instruments other than equities, in particular in debt securities issued by the State Treasury.
Investment in the Subfund offers the opportunity to obtain an attractive rate of return at medium risk of capital loss. The Subfund is addressed to investors interested in investment products with high share of equities in the portfolio, in particular to investors interested in medium- to long-term savings. Investment horizon should be at least 3 years.
Manages: Millennium Open Investment Fund Economic Trend Subfund, Millennium Open Investment Fund Stable Growth Subfund, Millennium Specialized Open Investment Fund Absolute Return Subfund.
Graduate of the Warsaw School of Economics, Department of Finance and Banking (specialization in Investment Banking), and Department of Quantitative Methods and Information Systems. In 2008, he obtained an investment advisor license (license no. 262) and in 2011, he was awarded the title of Chartered Financial Analyst. Between June 2006 and August 2009, he worked as equity analyst in Millennium Dom Maklerski. Between May 2005 and June 2006, he worked in BNP Paribas Poland as junior project manager.
Manages: Millennium Open Investment Fund Equity Subfund, Millennium Open Investment Fund Economic Trend Subfund, Millennium Open Investment Fund Stable Growth Subfund, Millennium Open–End Investment Fund Dynamic Subfund, Millennium Specialized Open Investment Fund Absolute Return Subfund.
Graduate of the Faculty of Civil Engineering of Kielce University of Technology. His career on the capital market had begun already in 1995, when he was employed in the Brokerage Office of BGŻ S.A. as Securities Broker and later as Analyst. Asset manager since 1997. At first, he managed the Brokerage Office's own assets; in 1999, he started providing asset management services at the Portfolio Management Division of BM BGŻ S.A., where he also held the position of the Division Head. Fund manager at the Millennium Group since November 2002. Head of Asset Management Department at Millennium TFI since 2009.
|Participation unit value|
|Subfund’s assets as of 2017-12-29:||194 723 409,20 PLN|
|Minimum first payment amount:||500 PLN|
|Subsequent payment amount:||500 PLN - under PSO (single subfund plan): PLN 100 - under PSO (multi-subfund plan – payment to one subfund): PLN 50- under IKE: PLN 100|
|Transfer agent:||ProService Agent Transferowy|
|Depositary:||Bank Millennium S.A.|
Investing in mutual funds involves risk of loss as well as the obligation to pay fees and tax. The Fund does not guarantee the investment objective or specific investment result. The value of net assets of Millennium Funds is or may be characterised by high volatility due to the composition of investment portfolios. The issuer, the guarantor or the guarantor of securities representing more than 35% of the assets of Millennium Funds (excluding the Millennium SFIO) may be the Treasury, National Bank of Poland, the U.S. government, the European Central Bank or the European Investment Bank. The full description of Millennium Funds, including a description of risk factors is contained in prospectuses and Key Investor Information Documents of individual Funds are available in branches of Bank Millennium S.A., in the seat of Millennium TFI S.A and in the sales points.