The Subfund is a fund of funds. The Subfund invests up to 100% of funds in participation units of foreign funds whose policy assumes investments in assets alternative to equities and bonds, such as private equity, real property, commodities or absolute return funds. The Subfund invests in participation units of foreign funds operating in various segments of the global financial market. No single market has a decisive impact on the Subfund’s results. The Subfund hedges foreign exchange risk of the investment to PLN.
The value of the Subfund’s assets is highly volatile due to the composition of the portfolio; therefore, investment in the Subfund involves high risk of capital loss and thus investment horizon should be at least 3 years.
Manages: Millennium Specialized Open Investment Fund Global Stable Growth Subfund, Millennium Specialized Open Investment Fund Global Equity Subfund, Millennium Specialized Open Investment Fund Global Alternatives Subfund, Millennium Dividend CIF.
Graduate of Warsaw School of Economics, department of Finance and Accounting. In 2013 he obtained an investment advisor license (license no. 465). From March 2010 to February 2014 he worked as a senior fund accounting analyst in Citigroup. From April 2014 to November 2014 he worked as an investment advisor in Inventum TFI. Since February 2016 he has been working at Millennium TFI as an investment fund analyst.
|Participation unit value|
|Subfund’s assets as of 2018-08-31:||12 581 926,58 PLN|
|Minimum first payment amount:||500 PLN|
|Subsequent payment amount:||500 PLN|
|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.