Asset funds

The Fund invests partly in HUF bank deposits with a maximum maturity of 6 months. A bank's stake may not exceed 30%. In addition, the Fund may include Hungarian government securities with a maturity of less than 6 months, government-guaranteed debt securities, repurchase agreements, Hungarian corporate and credit institution bonds, Hungarian mortgage bonds and bank account money.

The objective of the asset fund is to achieve higher returns than government securities of similar duration by implementing short-term, diversified investments.

The Fund is considered a very low-risk investment with a high probability of achieving positive returns even in the short term. In the case of this asset fund, a higher counterparty risk arises with respect to banks compared to asset funds that invest exclusively in government securities, as a portion of the assets is placed in bank deposits.

The Fund invests primarily in government bonds with a maturity and debt securities guaranteed by the Hungarian government where the investment policy (positive expected return) is achievable. The portfolio may also include bank deposits, repo transactions, Hungarian corporate and credit institution bonds, Hungarian mortgage bonds and bank account money.

The objective of the asset fund is to offer a low-risk investment opportunity, preserving at a minimum the nominal value of the invested funds over the time horizon during which the funds are invested in instruments corresponding to the risk level, while ensuring that the return expectation of the asset fund remains positive.

The insurer does not provide any capital or yield guarantee for the Fund.

The Fund is considered a low-risk investment.

The Fund invests primarily in equities listed on the Budapest Stock Exchange with high liquidity and good growth prospects, with a view to diversifying the portfolio appropriately to reduce risk. In order to exceed the return of the benchmark stock index, the asset fund may also include, to a small extent, highly liquid shares listed outside the stock exchange. The portfolio may also contain short-term Hungarian government securities, bank deposits, and bank account funds.

The objective of the asset fund is to provide investors with returns exceeding those of the benchmark stock index (BUX) and bond investments over the medium term, through investments in equities.

Taking into account the occasionally significant price movements in the equity market, the MRA is classified as a moderately low-risk investment; therefore, the unit price of the asset fund's investment units may decrease in both the short and medium term.

The Fund invests primarily in government bonds issued and/or guaranteed by the Hungarian State. In addition, the Fund may also include bonds issued by some Hungarian companies with particularly good financial ratings or by Hungarian subsidiaries of foreign companies, bonds issued by credit institutions and mortgage bonds.

The objective of the asset fund is to preserve the real value of the invested capital and to achieve, over the medium term, returns exceeding those of medium-duration (longer than one year) government securities investments, while maintaining a risk level equivalent to that of government securities.

The Fund is a low-risk, safe long-term investment, which is expected to achieve returns exceeding inflation. However, due to the MKA's longer average duration, the risk is higher than that of asset funds investing in shorter-maturity securities; therefore, in the short term, it may occur that the unit price of the MKA investment units decreases.

The Fund invests primarily in euro-denominated government bonds issued by European countries, as well as corporate bonds, bonds issued by credit institutions and mortgage bonds. In order to achieve the set objective, the fund manager may also place corporate bonds denominated in euros, issued by European subsidiaries of non-European companies, into the asset fund, and may also hold a portion of the assets in euro bank deposits.

The objective of the Fund is to achieve a return above the average return of the euro bond market by investing primarily in euro-denominated bonds.

The Fund is considered a low-risk investment over the long term. However, due to the longer average maturity of the Fund, the risk of the Fund is higher than that of Funds investing in shorter maturity securities and the price of the units of the Fund may fall in the short term.

The Fund invests primarily in euro-denominated government bonds issued by European countries, as well as corporate bonds, bonds issued by credit institutions and mortgage bonds.

In order to achieve the set objective, the fund manager may also place corporate bonds denominated in euros, issued by European subsidiaries of non-European companies, into the asset fund, and may also hold a portion of the assets in euro bank deposits.

The objective of the asset fund is to achieve returns higher than the euro bond market average, primarily through investments in bonds issued in euros.

The Fund is considered a low-risk investment over the long term. However, due to the longer average maturity of the Fund, the risk of the Fund is higher than that of Funds investing in shorter-dated securities, and the price of the units of the Fund may fall in the short term.

The Fund achieves this objective by investing in investment grade euro bonds, primarily short and medium term. Longer maturity assets may be included provided that their characteristics are consistent with the nature of the portfolio.

The objective of the Fund is to achieve a return in line with market returns by offering a low-risk investment opportunity.

The Fund is considered a low-risk investment with a high probability of achieving positive returns already in the medium term.

The assets of the BKE are partly or fully invested in foreign currencies (primarily in euros).

The Fund invests in equities of highly liquid companies listed on stock exchanges in the euro area with good growth potential, with a view to diversification across sectors.

Over the medium term, the objective of the Fund is to achieve a return above the benchmark index of equities of comparable companies (EURO STOXX 50) by investing in equities of high performing eurozone companies.

The Fund is considered a medium-low risk investment given the occasional large price movements that characterise the equity market. For this reason, the price of Fund units may fall in the short and medium term. 

The Fund invests in equities of highly liquid companies with good growth potential listed on stock exchanges in the euro area, with a view to diversification across sectors.

The objective of the Fund is to achieve a return over the medium term above the benchmark index of equities of comparable companies (EURO STOXX 50) by investing in equities of high performing eurozone companies.

The Fund is considered a medium-low risk investment given the occasional large price movements that characterise the equity market. For this reason, the price of the Fund units may fall in the short and medium term. 

The Fund consists primarily of highly liquid equities listed on the world's major stock exchanges (New York, London, Hong Kong, Shanghai, etc.). The manager selects the stocks in the Fund with a view to geographical and sector diversification.

The objective of the asset fund is to achieve returns higher than the benchmark index representing the combined movement of global equity markets (MSCI World Index) over the medium term, by investing in shares of companies with outstanding performance and high growth potential in the world's most significant developed and developing economic regions.

The Fund is considered a medium-low risk investment with a high degree of diversification, given the occasional large price movements in equity markets. For this reason, the price of the Fund units may fall in the short and medium term. 

The Fund is primarily composed of highly liquid equities listed on the world's major stock exchanges (New York, London, Hong Kong, Shanghai, etc.). The manager selects the stocks in the Fund with a view to geographical and sector diversification.

The objective of the Fund is to invest in stocks of companies with superior performance and high growth potential in the world's major developed and emerging economies, with the aim of achieving a return over the medium term that is higher than the benchmark index (MSCI World Index), which is representative of the combined movements of the world equity markets.

Even with a high degree of diversification, the Fund is considered a medium-low risk investment, given the occasional large price movements that characterise equity markets. For this reason, the price of the Fund units may fall in the short and medium term. 

The asset fund may invest in shares of leading companies in Central and Eastern European countries, keeping liquidity and diversification requirements in mind. In order to ensure the expected level of returns, the asset fund may also include shares of significant companies from a few additional countries — geographically belonging to Asia — among the so-called Soviet successor states. To increase diversification — and thereby reduce risk — the asset fund may also include shares of companies registered in countries outside the region, provided that part or all of their activities are linked to the region.

The objective of the Fund is to seek returns above those available in developed equity markets by exploiting the growth potential of Central and Eastern European companies and the Russian economy.

Given the economic and political uncertainties arising from the specificities of emerging economies, the Fund is considered a high risk investment. . For this reason, the price of the Fund units may fall in the short and medium term, and this decrease may occasionally be very significant.

Over the medium term, the asset fund aims to deliver to its investors at least the benchmark return calculated by weighting the S&P Oil & Gas E&P Index, the S&P Metals and Mining Select Industry Index, and the NYSE Arca Gold Miners Index — representing the movements of the three sectors — at 31.67%-31.67%-31.67%, along with ZMAX at a 5% weight.

The objective of the asset fund is to achieve returns by investing in shares of companies engaged in the mining and production of energy resources, industrial metals, and precious metals, as well as in the development of the technologies required for these activities.

The Fund does not reach the level of diversification of traditional equity Funds, as the majority of its investments are in a narrow sector of the economy. In view of this and the sometimes significant price movements in equity markets, the Fund is considered a high risk investment. For this reason, the price of the Fund units may fall in the short and medium term. 

The Fund invests primarily in the shares of companies  involved in alternative energy sources, energy efficiency) and low carbon companies. The fund pays special attention to allocating assets into shares of companies that have outstanding, solid capital backing and significant growth potential.

The objective of the asset fund is to achieve returns through investments in shares of companies that are expected to benefit the most from meeting global challenges related to environmental protection.

The Fund does not reach the diversification level of traditional equity funds, as the majority of its investments are in a narrow sector of the economy. Given this, and the sometimes significant price movements in equity markets, the Fund is considered a medium-high risk investment. For this reason, the price of the Fund units may fall in the short and medium term. 

This fund invests primarily in the shares of companies in healthcare, financial services, and raw materials (mining and processing). It focuses on selecting strong, well-established companies with solid financial backing and significant growth potential.

The objective of the asset fund is to achieve a returns through investments in the shares of companies  that are expected to benefit most from the increased ageing prospects in developed countries and from global economic trends resulting from population growth and social change in developing countries.

The Fund does not reach the diversification level of a traditional equity fund, as the majority of its investments are in a narrower sector of the economy. In view of this, and the sometimes significant price movements on equity markets, the Fund is considered a medium-high risk investment. For this reason, the price of the Fund units may fall in the short and medium term. 

The Manager selects stocks of companies committed to sustainable economic development, i.e. the long-term preservation of natural resources, with a high degree of diversification across geographic and industry sectors.

The objective of the Fund is to seek high returns over the long term by investing in equities of companies with a sustainable growth business model in global equity markets.

Given that the Fund invests in a specific segment of the economy, the Fund is considered a medium-high risk investment. For this reason, the price of FRE units may fall in the short and medium term, sometimes very sharply.

In order to achieve this excess return, the Fund will buy and sell higher risk instruments, taking long and short positions in each instrument in the light of current market developments, depending on what it considers to have the potential for higher appreciation. If, however, the Asset manager does not see a good opportunity in higher risk instruments, it will invest the capital of the Fund in lower risk instruments until good buying or selling opportunities arise.

The objective of the Fund is to achieve a higher return than the expected return on investments in government securities, while assuming a higher level of risk.

The risk of the Fund is very high.

Target date of the Fund: 1 April 2030.

The composition of the investments in the Fund will be regularly adjusted before the date indicated in the name of the Fund (target date) in order to gradually reduce the risk of the Fund. The fund's asset allocation between its launch and the target date is designed with the remaining time to maturity in mind, aiming to achieve the best possible return-to-risk ratio based on current market conditions. The insurer has the right to determine the proportion of securities, cash, and other assets within the fund, within the framework of the defined asset allocation.

Investment in the Fund is recommended if the savings target is to be achieved in the period 2027-2033.

The objective of the Fund is to achieve a return in excess of the return on government bonds over the long term by offering a moderate risk investment.

The Fund is considered a medium-low risk investment. Due to the occasional large price movements on the equity markets, the price of units may fall in the short and medium term.

Target date of the Fund: 1 April 2035.

The composition of the investments in the Fund will be regularly adjusted before the date indicated in the name of the Fund (target date) in order to gradually reduce the risk of the Fund. The fund's asset allocation between its launch and the target date is designed with the remaining time to maturity in mind, aiming to achieve the best possible return-to-risk ratio based on current market conditions. The insurer has the right to determine the proportion of securities, cash, and other assets within the fund, within the framework of the defined asset allocation.

Investment in the Fund is recommended if the savings target is to be achieved in the period 2032-2038.

The objective of the Fund is to achieve a return in excess of the return on government bonds over the long term by offering a moderate risk investment.

The Fund is considered a medium-low risk investment. Due to the occasional large price movements on the equity markets, the price of units may fall in the short and medium term.

Target date of the Fund: 1 February 2035.

The composition of the investments in the Fund will be regularly adjusted before the date indicated in the name of the Fund (target date) in order to gradually reduce the risk of the Fund. The fund's asset allocation between its launch and the target date is designed with the remaining time to maturity in mind, aiming to achieve the best possible return-to-risk ratio based on current market conditions. The insurer has the right to determine the proportion of securities, cash, and other assets within the fund, within the framework of the defined asset allocation.

Investment in the Fund is recommended if the savings target is to be achieved in the period 2032-2038.

The objective of the Fund is to achieve a return in excess of the return on government bonds over the long term by offering a moderate risk investment.

The Fund is considered a medium-low risk investment. Due to the occasional large price movements on the equity markets, the price of units may fall in the short and medium term.

Target date of the Fund: 1 April 2040.

The composition of the investments in the Fund will be regularly adjusted before the date indicated in the name of the Fund (target date) in order to gradually reduce the risk of the Fund. The fund's asset allocation between its launch and the target date is designed with the remaining time to maturity in mind, aiming to achieve the best possible return-to-risk ratio based on current market conditions. The insurer has the right to determine the proportion of securities, cash, and other assets within the fund, within the framework of the defined asset allocation.

Investment in the Fund is recommended if the savings target is to be achieved in the period 2037-2043.

The objective of the Fund is to achieve a return in excess of the return on government bonds over the long term by offering a moderate risk investment.

The Fund is considered a medium-low risk investment. Due to the occasional large price movements on equity markets, the price of units may fall in the short and medium term.

Target date of the Fund: 1 February 2040.

The composition of the investments in the Fund will be regularly adjusted before the date indicated in the name of the Fund (target date) in order to gradually reduce the risk of the Fund. The fund's asset allocation between its launch and the target date is designed with the remaining time to maturity in mind, aiming to achieve the best possible return-to-risk ratio based on current market conditions. The insurer has the right to determine the proportion of securities, cash, and other assets within the fund, within the framework of the defined asset allocation.

The objective of the Fund is to achieve a return in excess of the return on government bonds over the long term by offering a moderate risk investment.

Investment in the Fund is recommended if the savings target is to be achieved in the period 2037-2043.

The Fund is considered a medium-low risk investment. Due to the occasional large price movements on equity markets, the price of units may fall in the short and medium term.

Target date of the Fund: 1 February 2045.

The composition of the investments in the Fund will be regularly adjusted before the date indicated in the name of the Fund (target date) in order to gradually reduce the risk of the Fund. The fund's asset allocation between its launch and the target date is designed with the remaining time to maturity in mind, aiming to achieve the best possible return-to-risk ratio based on current market conditions. The insurer has the right to determine the proportion of securities, cash, and other assets within the fund, within the framework of the defined asset allocation.

The objective of the Fund is to achieve a return in excess of the return on government bonds over the long term by offering a moderate risk investment.

Investment in the Fund is recommended if the savings target is to be achieved in the period 2042-2048.

The Fund is considered a medium-low risk investment. Due to the occasional large price movements on equity markets, the price of units may fall in the short and medium term.

Target date of the Fund: 1 February 2045.

The composition of the investments in the Fund will be regularly adjusted before the date indicated in the name of the Fund (target date) in order to gradually reduce the risk of the Fund. The fund's asset allocation between its launch and the target date is designed with the remaining time to maturity in mind, aiming to achieve the best possible return-to-risk ratio based on current market conditions. The insurer has the right to determine the proportion of securities, cash, and other assets within the fund, within the framework of the defined asset allocation.

The objective of the Fund is to achieve a return in excess of the return on government bonds over the long term by offering a moderate risk investment.

Investment in the Fund is recommended if the savings target is to be achieved in the period 2043-2048.

The Fund is considered a medium-low risk investment. Due to the occasional large price movements on equity markets, the price of units may fall in the short and medium term.

Target date of the Fund: 1 February 2050.

The composition of the investments in the Fund will be regularly adjusted before the date indicated in the name of the Fund (target date) in order to gradually reduce the risk of the Fund. The fund's asset allocation between its launch and the target date is designed with the remaining time to maturity in mind, aiming to achieve the best possible return-to-risk ratio based on current market conditions. The insurer has the right to determine the proportion of securities, cash, and other assets within the fund, within the framework of the defined asset allocation.

The objective of the Fund is to achieve a return in excess of the return on government bonds over the long term by offering a moderate risk investment.

The Fund is considered a medium-low risk investment. Due to the occasional large price movements on equity markets, the price of units may fall in the short and medium term.

Target date of the Fund: 1 February 2055.

The composition of the investments in the Fund will be regularly adjusted before the date indicated in the name of the Fund (target date) in order to gradually reduce the risk of the Fund. The fund's asset allocation between its launch and the target date is designed with the remaining time to maturity in mind, aiming to achieve the best possible return-to-risk ratio based on current market conditions. The insurer has the right to determine the proportion of securities, cash, and other assets within the fund, within the framework of the defined asset allocation.

The objective of the Fund is to achieve a return in excess of the return on government bonds over the long term by offering a moderate risk investment.

The Fund is considered a medium-low risk investment. Due to the occasional large price movements on equity markets, the price of units may fall in the short and medium term.

The fund invests across a wide range of asset classes, primarily in global equities and European bond and money markets. Investments in emerging markets and non-investment-grade instruments are only allowed on a limited basis. The fund's investment objective is to outperform, over the medium term, a benchmark index mainly composed of European bonds and global equities.

The objective of the Fund is to achieve a return through a "multi-asset" allocation strategy, primarily by distributing investments between equity and bond instruments based on current capital market outlook.

The Fund is considered a medium-low risk investment which is expected to outperform the market return. As the average maturity of the Fund is longer than that of Funds investing in short-term securities, the price of units may fall in the short term.

The fund invests across a wide range of asset classes, primarily in global equities and European bond and money markets. Investments in emerging markets and non-investment-grade instruments are only allowed on a limited basis. The fund's investment objective is to outperform, over the medium term, a benchmark index mainly composed of European bonds and global equities.

The objective of the Fund is to achieve a return through a "multi-asset" allocation strategy, primarily by distributing investments between equity and bond instruments based on current capital market outlook.

The Fund is considered a medium-low risk investment which is expected to outperform the market return. As the average maturity of the Fund is longer than that of Funds investing in short-term securities, the price of units may fall in the short term.

The fund invests across a wide range of asset classes, primarily in global equities and European bond and money markets. Investments in emerging markets and non-investment-grade instruments are only allowed on a limited basis. The fund's investment objective is to outperform, over the medium term, a benchmark index mainly composed of European bonds and global equities.

The objective of the Fund is to achieve a return through a "multi-asset" allocation strategy, primarily by distributing investments between equity and bond instruments based on current capital market outlook, while maintaining an overweight position in equities.

The Fund is considered a medium-low risk investment which is expected to outperform the market return. As the average maturity of the Fund is longer than that of Funds investing in short-term securities, the price of units may fall in the short term.

The fund invests across a wide range of asset classes, primarily in global equities and European bond and money markets. Investments in emerging markets and non-investment-grade instruments are only allowed on a limited basis. The fund's investment objective is to outperform, over the medium term, a benchmark index mainly composed of European bonds and global equities.

The objective of the Fund is to achieve a return through a "multi-asset" allocation strategy, primarily by distributing investments between equity and bond instruments based on current capital market outlook, while maintaining an overweight position in equities.

The Fund is considered a medium-low risk investment which is expected to outperform the market return. As the average maturity of the Fund is longer than that of Funds investing in short-term securities, the price of units may fall in the short term.

The underlying fund of the fund invests in companies that are part of its own investment universe of companies offering environmental solutions and contributing to social solutions. These companies are engaged in economic activities that are considered environmentally or socially sustainable.

The objective of the asset fund is to achieve long-term capital appreciation through a diversified portfolio of equity or equity-related investments in companies that are expected to benefit directly or indirectly from developments related to environmental challenges such as climate change.

The Fund is considered a medium-high risk investment that is expected to generate returns above market rates of return. For this reason, the price of the units of the Fund may fall in the short and medium term.

The underlying funds of the fund invest in a broad range of sectors (e.g. financial services, information technology, consumer staples, telecommunications) and have a global presence in emerging markets, including China, India, Taiwan and Brazil.

The objective of the fund is to seek returns in emerging markets by investing in small, mid and large capitalisation public companies in different sectors of the economy.

The fund is considered a medium-high risk investment, which is expected to deliver returns above the market return level. As a result, the price of the units of the Fund may fall in the short to medium term.

The underlying funds of the fund invest in a broad range of sectors (e.g. financial services, information technology, consumer staples, telecommunications) and have a global presence in emerging markets, including China, India, Taiwan and Brazil. In order to ensure liquidity, bank deposits and bank account funds may also be held in the portfolio of the asset fund.

The objective of the fund is to seek returns in emerging markets by investing in small, mid and large capitalisation public companies in different sectors of the economy.

The fund is considered a medium-high risk investment, which is expected to deliver returns above the market return level. As a result, the price of the units of the Fund may fall in the short to medium term.

The underlying fund of the fund invests in companies that are part of its own investment universe of companies offering environmental solutions and contributing to social solutions. These companies are engaged in economic activities that are considered environmentally or socially sustainable.

The objective of the fund is to achieve long-term capital appreciation through a diversified portfolio of equity or equity-related investments in companies that are expected to benefit directly or indirectly from developments related to environmental challenges such as climate change.

The Fund is considered a medium-high risk investment that is expected to generate returns above market rates of return. For this reason, the price of the units of the Fund may fall in the short and medium term.