30 Jul “Credins Premium” Investment Fund Prospectus
Dear Investors,
In fulfillment of the legal obligations deriving from the law “On Collective Investment Undertakings” and bylaws issued in its implementation, the management company, Credins Invest, has updated the Prospectus of the Investment Fund “Credins Premium”, approved by Financial Supervision Authority, decision no. 91, on 29.06.2020. We would like to inform you that some definitions regarding the terminology used have been added to the Prospectus and it has been reflected the historical performance of the fund.
In the composition of the governing bodies there is a change of one of the members, and the declaration regarding the conflict of interest has been added in the section “Information for investors”. The Risk Considerations detail some of the risks of the fund, and in the Fiscal Treatment section, the tax is determined according to the tax legislation in force. The data sheet of the external auditor has been updated in the prospectus, and in the section “Transfer of individual account” has been added some information. In point ç of the section “Commissions and expenses”, are included the commissions for the transactions performed with the brokers, and the first sentence is added in the last paragraph of the section.
We also want to inform you that the new Law on “Collective Investment Undertakings” and the Law on “Capital Markets” have been adopted, which will create new investment opportunities and pave the way for the development of the Stock Exchange. Under current policy, Credins Premium fund assets can be invested up to a maximum of 10% of total assets, even in corporate bonds or local government units (municipalities). We have not explored this possibility to date due to the lack of trading of these securities in a regulated market such as the Stock Exchange. With the new developments expected to take place soon, the Credins Premium Fund can also invest in corporate securities within the 10% limit, according to the Prospectus investment policy.
The full prospectus can be read electronically on our official website: www.credinsinvest.com
Thank you for your cooperation,
Credins Invest
July 30, 2020