Mutual share Funds

The unit investment fund are the assets, belonging to the investors on the basis of the mutual property rights, managed by the asset management company, and accounted independently of the results of its commercial activity.

• The unit investment fund is established at the initiative of the asset management company, by means of purchase by the investors of the investment certificates, issued by the asset management company.

• The unit investment fund is not a legal entity.

• While entering into the agreements with the assets of the unit investment fund, the asset management company acts on its behalf, with the mandatory notices to be sent to the third parties.

• The participant of the unit investment fund is the investor, who purchased the investment certificate of this fund.

• The investment certificate shall evidence the share of the participant of the unit investment fund. It provides equal rights to each of its owner.

• The dividends on the investment certificates of the open-end and the interval unit investment fund, shall not be accrued and shall not be paid.

• The private entities may not be the participants of the non-diversified unit investment fund.

• Unit funds may be: of the open-end, interval or closed-end type; of diversified or non-diversified kind; term or termless.

«ІТТ-management» offers a wide range of funds and instruments for its clients, managing the following unit funds at the market of Ukraine: PIF Platinum-Invest and PIF Ukrinvestbud.

You will find more about corporate funds in Chapter 3 of The Law of Ukraine #2299-III “On Institutes of mutual investment (unit and corporate investment funds)” of March 15, 2001.