All of the Fénix funds of funds offered by Komerční banka brought a positive growth in value to the unit holders in 2009. The growth ranged from 4% in the case of the Fénix konzervativní fund to more than 26% in the case of the Fénix dynamický PLUS fund.

The strategy of the Fénix funds of funds is based on active management, which makes it possible for the fund manager to adjust the weighting of assets in the fund by their current performance. The Fénix investment scheme offers investors choice of four different investment strategies, which differ from each other by the proportion of the equity component in the portfolio.

"Fénix funds are suitable for one-off investments and also for regular investing, with the initial investment from as little as CZK 500," said Radko Belada, Head of Retail Marketing at Komerční banka, adding: "The units of Fénix funds can be obtained at all of Komerční banka branches, and it is also easy to invest in the funds through the MojeBanka internet banking service."

Fénix funds have been designed for all types of investors, ranging from conservative investors preferring stable yields and low risk of their investment through to dynamic investors seeking professionally spread investments on equity markets but not wanting, or having no time, to manage their money on their own. Investors therefore need not spend time on the allocation of their investment to the various assets – an experienced portfolio manager will do this work for them.

The manager of Fénix funds is Investiční kapitálová společnost KB, a.s.

Growth of Fénix funds as at 29 December 2009

Fund 2009 2008 2007 2006 2005
Fénix konzervativní 4,69 -0,85 -0,23 0,51 n.a.
Fénix smíšený 10,23 -16,76 1,39 3,81 n.a.
Fénix dynamický 19,41 -30,89 1,48 -0,24 n.a.
Fénix dynamický PLUS 26,66 -42,87 -3,96 0,95 19,51

 

Pursuant to the rules of collective investment we note that past performance of a fund is no guarantee of the same future results. The principal value of and income from the investment may fluctuate and return on the originally invested amount is not guaranteed. Data on past performance is based on gross performance and does not reflect the effect of additional fees, commissions or taxes. The complete names of the unit trusts are contained in the statutes or prospectuses of the funds.

More detailed information is available from all of Komerční banka's 398 branches, at toll-free information line 800 1111 66, and at www.iks-kb.cz.

Komerční banka is one of the best run universal banks in Central Europe. It provides comprehensive services to clients in the areas of retail, corporate, and investment banking. The Komerční banka Group's 8,815 employees serve more than 2.7 million clients, who can use an extensive network of 398 points of sale throughout the country. Komerční banka currently operates 685 ATMs and more than 984,000 of its clients use one of direct banking channels.

Komerční banka is part of the Société Générale Group, one of the largest banking groups in the euro zone (in terms of market capitalisation), whose 163,000 employees serve more than 30 million individual clients worldwide.