Changes in OP Fund Management Company's balanced funds
(Thomson Reuters ONE) -
Press Release
31 January 2012 at 9.00 am (EET)
Changes in OP Fund Management Company's balanced funds
Changes will be made in OP Fund Management Company's balanced funds as of 8
March 2012, which will affect the funds' names, rules and investment policies.
The changes will be implemented through mergers and amendments of fund rules.
The present unitholders of balanced funds will automatically become unitholders
in the new funds, and there will be no tax consequences.
"The new funds will be very customer-friendly and the management fees will
mostly go down," says Samuli Sipilä, Managing Director of OP Fund Management
Company.
The investment scope will change from the euro area to worldwide. A higher grade
of diversification will increase the possibility of higher profit at lower risk.
"In future, investments can be made all over the world. The range of investment
instruments will also be extended and it will be possible for funds to invest in
derivatives and ETFs. It will also be possible to invest in the wide range of
funds offered by our partners Fidelity and JP Morgan," says Mr Sipilä.
For more information, please contact: Samuli Sipilä, Managing Director of OP
Fund Management Company Ltd, Tel. 010 252 7196
OP-Pohjola Group is Finland's leading financial services group providing a
unique range of banking, investment and insurance services. The Group's mission
is to promote the sustainable prosperity, well-being and security of its owner-
members, customers and operating regions through its local presence. Its
objective is to offer the best and most versatile package of loyal customer
benefits on the market. OP-Pohjola Group consists of about 200 member
cooperative banks and the Group's central institution, OP-Pohjola Group Central
Cooperative, with its subsidiaries and closely-related companies, the largest of
which is the listed company Pohjola Bank plc. The Group has over 12,000
personnel.
www. op.fi
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Pohjola Pankki Oyj via Thomson Reuters ONE
[HUG#1581250]
Unternehmensinformation / Kurzprofil:
Datum: 31.01.2012 - 08:01 Uhr
Sprache: Deutsch
News-ID 109197
Anzahl Zeichen: 2750
contact information:
Town:
POHJOLA
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 153 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Changes in OP Fund Management Company's balanced funds"
steht unter der journalistisch-redaktionellen Verantwortung von
Pohjola Pankki Oyj (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
