Phoenix hellenic equity fund

Investment objective

The purpose of the Fund is to achieve returns based on its investment policy, in a long-term period of time, mainly derived from capital appreciation and additionally from income, through investments in transferable securities, mainly in the domestic capital market.

Investment policy

In order to achieve its investment objective, the Fund intends to invest its assets mainly in a diversified portfolio of stocks of companies listed on the Athens Exchange (ATHEX), which are included in the ATHEX Composite Share Price Index (ASE Index). The choice of transferable securities is made by a combination of quantitative and qualitative criteria, such as the fundamentals, capital structure, dividend yields, etc. The Fund may also invest in shares of companies listed on international stock exchanges, taking into account the stock market conditions and the macroeconomic developments. The Fund aims to make the best possible use of its cash by investing it in interest-bearing investments in the form of fixed-term deposits and other related money market instruments. In the context of leveraging and/or hedging assets of the portfolio, the Fund may take long or short positions in derivative instruments, mainly on stock exchange indices or equities.

Investor profile

The Fund mainly targets long-term investors seeking capital appreciation through an equity portfolio consisting mainly of Greek companies and willing to take a high level of investment risk.