Global Alternatives Subfund
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.
Level of risk
Potentially lower return
Potentially higher return
CURRENT VALUATION Unit class A and B(As of: 2019-05-23)
Rate of return for a selected period
|Participation unit value|
Rates of return in PLN:
Rates of return in EUR:
Rates of return in USD:
|Subfund’s assets as of 2018-12-28:||10 721 039 PLN|
|Minimum first payment amount:||category A 100 PLN category B 2 000 PLN|
|Subsequent payment amount:||category A 100 PLN category B 1 000 PLN|
|Transfer agent:||ProService Finteco Sp. z o. o.|
|Depositary:||Bank Millennium S.A.|
Asset structure: (As of: 2018-11-30)
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.