Insurance Funds

Invests directly or indirectly into corporate or government bonds with fixed interest, which forms majority of investments, while debt securities with floating interest may have minor share. May also invest into non-investment grade bonds. At least 80% of investments (excluding bank deposits), are realized through investment funds managed under the Directive 2009/65/EC on undertakings for collective investment in transferable securities (UCITS).   

Invests directly or indirectly into stocks listed on major stock exchanges worldwide, which forms majority of investments. Aims to invest in investment funds which have a lower cost indicator than the average costs of investment funds and to achieve the greatest possible geographical diversification. Minor share may be invested into corporate or government bonds, including non-investment grade bonds. At least 80% of investments (excluding bank deposits), are realized through investment funds managed under the Directive 2009/65/EC on undertakings for collective investment in transferable securities (UCITS).  

Invests directly or indirectly into stocks or bonds of companies which comply with strict corporate governance rules, environmental and social criteria (ESG) according to the Principles of Responsible Investment created under the auspices of the United Nations. Aims to invest part of the assets into companies which, in addition to the ESG criteria, also meet the criteria of impact investment. Minor share may be invested into corporate or government bonds, including non-investment grade bonds. At least 80% of investments (excluding bank deposits), are realized through investment funds managed under the Directive 2009/65/EC on undertakings for collective investment in transferable securities (UCITS). 

The Fund is own fund of Insurance company. The Fund is a non-guaranteed fund, which means that investment risks are fully borne by the Policyholder and the Insurance company does not provide either capital or yield guarantees. Fund invests mainly into equity or equity funds with aim to reach high performance even if it also means potentially higher volatility. Insurer will mostly use investment funds compliant with UCITS regulation which outperform its benchmarks and which are actively managed to invest into shares of potentially high-growth companies. When selecting debt securities in which the Fund invests, their duration is not a limiting criterion. There is also no maximum modified duration of the Fund‘s asset portfolio set, or other indicators that limit interest rate risk or credit risk. The Fund may also invest in debt securities of issuers with non-investment grade rating, without setting a maximum ratio of such debt securities in the Fund. Issuers with investment grade rating are thosewhose credit rating assessed by a credit rating agency is at least on certain level, i.e., in the case of Standard & Poor‘s and Fitch a rating of BBB and in the case of Moody‘s agency a rating of Baa3. Issuers with non-investment grade rating are those, who do not have a credit rating performed by a credit rating agency at least at the above defined level. If the Fund invests into debt securities directly, it can only select those, that have been issued by issuers that have a credit assessment performed by a reputable rating agency or that have been subject to an internal assessment process performed by the Insurance company. If the Fund invests in debt securities indirectly through an investment fund, its management company applies for the selection of securities rules for assessment of its credit quality using as defined in the documentation of the respective investment fund. The Fund is denominated in euros, but the underlying assets may be denominated in other currencies, which means that the return on the Fund may be affected not only by the performance of the assets but also by the exchange rate. Currency risk is not hedged. The Fund does not have target performance related to an index or benchmark.

The Fund is the own fund of the Insurance company. The Fund is a nonguaranteed fund, which means that investment risks are fully borne by the Policyholder and the Insurance company does not provide either capital or yield guarantees.

The Fund invests directly or indirectly into stocks or bonds to fulfill the following rules: At least 45 % of the Fund’s assets (excluding bank deposits and cash) has to be invested into industry related to the production of power without having negative environmental impacts, such as the release of greenhouse gases like carbon dioxide („clean energy“). This goal can be achieved via an underlying investment fund with a focus on clean energy. In addition to that, at least 45 % of the Fund’s assets (excluding bank deposits and cash) have to be invested in relation to sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of the ocean ecosystem („blue economy“). This goal can be achieved via an underlying investment fund with a focus on the blue economy.

Fund and its underlying investment funds exclude issuers that are involved in the production of weapons, tobacco, mining of thermal coal, and/or unconventional extraction of oil and gas. Issuers that are classified as violating United Nations Global Compact principles are also excluded. When selecting debt securities in which the Fund invests, their duration is not a limiting criterion. There is also no maximum modified duration of the Fund‘s asset portfolio set or other indicators that limit interest rate risk or credit risk.

The Fund may also invest in debt securities of issuers with non-investment grade ratings, without setting a maximum ratio of such debt securities in the Fund. Issuers with investment grade rating are those, whose credit rating assessed by a credit rating agency is at least on a certain level, i.e., in the case of Standard & Poor‘s and Fitch a rating of BBB and in the case of Moody‘s agency a rating of Baa3. Issuers with non-investment grade ratings are those, who do not have a credit rating performed by a credit rating agency at least at the above-defined level.

If the Fund invests in debt securities directly, it can only select those, that have been issued by issuers that have a credit assessment performed by a reputable rating agency or that have been subject to an internal assessment process performed by the Insurance company. If the Fund invests in debt securities indirectly through an investment fund, its management company applies for the selection of securities rules for assessment of its credit quality using as defined in the documentation of the respective investment fund.

The Fund is denominated in euros, but the underlying assets may be denominated in other currencies, which means that the return on the Fund may be affected not only by the performance of the assets but also by the exchange rate. Currency risk is not hedged. The Fund does not have a target performance related to an index or benchmark.

The Internal Fund's main objective is the revaluation of capital by investing in UCITS compliant investment funds, securities or financial instruments that comply with the characteristics and limitations provided for by Law no. 232 of 11 December 2016 (“2017 Budget Law”), as subsequently supplemented and amended, and by Law no. 157 of 19 December 2019, which introduces the PIR rules established as from 1 January 2020 ("PIR 2020 Regulation"). Majority of investments (excluding bank deposits), are realized through investment funds managed under the Directive 2009/65/EC on undertakings for collective investment in transferable securities (UCITS). 

At least 17,5% has to be invested in financial instruments issued or representing companies not included in the FTSE MIB index of the Italian Stock Exchange or in indices equivalents in other regulated markets, as well as at least 3,5% in financial instruments issued or representing companies not included in the FTSE MIB and FTSE Italia Mid Cap indices of Borsa Italiana or in equivalent indices on other regulated markets. 

Fund invests into government bonds of eurozone countries. Disregarding the investments performed by the Fund, NOVIS guarantees the value of the capital invested in this Fund as well as a monthly return until the end of the year based on rate published on the website of Insurer before the end of preceding calendar year.  

As the return for each year is guaranteed, the return on investment and the value of the investment are not directly dependent on the development of the underlying assets. The achieved yield of the underlying assets may influence the future value of guaranteed appreciation of the Fund. 

Monthly return announced for year 2024: 3,66 % p.a. 

Invests into equity exchange traded funds (equity ETFs) which focuses on companies from both developed and developing markets without limitation to certain sectors of economy. Equity ETFs invests into shares of companies and its investment objective is to copy the development of the selected stock index and its composition and hence the proportional share of the companies. 

Invests into gold exchange traded funds (gold ETFs), whose change of value is linked to the change of price of gold. Fund itself cannot hold the physical gold or precious metals but its underlying assets invests into physical gold or precious metals. 

Invests into private equity or prospective companies and projects from both developed and developing markets. Fund may include investments into projects contributing to the growth of economy and creation of employment in developing and emerging countries. For this purpose, the Fund also invests into investment funds or into equity exchange traded funds (equity ETFs) replicating index of listed private equity companies.  

Invests primarily in financial instruments linked with the real estate sector such as ETFs (Exchange Traded Funds) investing in covered bonds issued by financial institutions financing the real estate sector, real estate funds, corporate bonds dedicated to financing of real estate projects, mortgage bonds and in other financial instruments which are secured by loans or the value of which applies to real estate development.  

Invests in alternative investment funds, specifically Family office funds. These funds invest significantly in non-listed shares and bonds and a limited portion of investments may be allocated into various other assets (e.g. real estate property, works of art and collections or precious metals or gemstones). Fund may also invest into assets focused on stable growth for a long period of time.  

Invests into mixed investment funds focused on companies with high brand value, where the brand value has not been reflected so far in the increase of the price of their shares. Fund invests into one or all sub-funds of the umbrella “Wealth Fund”. The sub-funds invest in securities and money market instruments that are approved or traded on regulated markets either in or outside of European Union and include shares, debentures, open ended investment funds subject to EU Directive (UCITS) and derivative equivalents across the sectors of economy and without geographical limitations. 

Invests into investment funds or exchange traded funds focused on shares of companies which develop and provide computing capacity (so-called cloud computing) or other technology companies.

The purpose of the fund is to enable clients to invest in low-risk, forint-denominated, fixed- or floating-rate, low-risk securities and short-term Hungarian government securities.

The purpose of the fund is to provide income and long-term capital growth. The fund invests in equities of well-established income-producing companies worldwide. Assets are selected based on attractive dividend yields and capital growth potential.  

The purpose of the fund is to maximize the total return of investment by increasing the value of the investment and the return on investment in the medium and long-term and realizing exchange rate gains. The fund invests primarily in debt securities of any quality issued by governments or government agencies of any developed or emerging markets, but also to a lesser extent in debt securities of any quality issued by companies domiciled in any country.

The purpose of the fund is to provide income and long-term capital growth. The fund invests its assets in equities that are domiciled in, or principally engaged in, the developing countries. These include smaller companies with high growth potential.  

The purpose of the fund is to achieve a return higher than that of government securities while taking on additional risk. To achieve this end, the fund manager invests in investment funds that have the ability to earn returns not only in the rising markets but also in less developed markets.  

The purpose of the fund is to provide regular income through a portfolio of yield-generating securities. The fund primarily invests in bonds, equities, and regulated real estate investment companies even in emerging markets. 

The purpose of the fund is to provide income and moderate medium-term capital growth. The fund invests in a wide range of markets for investment grade, high yield and emerging market bonds and corporate equity including global government bonds, local government bonds, corporate bonds and other assets issued by organizations, real estate and infrastructure.  

The purpose of the fund is to provide long-term capital growth primarily by investing in equities of Latin American companies. It invests its assets in corporate equities domiciled in, or principally engaged in, Latin American countries.  

The purpose of the fund is to provide long-term capital growth with a stable income. The fund may invest in equities of companies operating in emerging markets according to the MSCI Emerging Markets Asia Index. 

This fund includes capital protection and predetermined yield as announced by the Insurer for one year in advance. The protection is provided by the Insurer. Underlying assets of this Fund are government bonds. Monthly return announced for year 2021: HUF: 4,00% p.a.; EUR: 3,66% p.a.

The Fund is a non-guaranteed fund, which means that investment risks are fully borne by the policyholder and the insurer does not provide either capital or yield guarantees. It invests in globally established, brand name company shares offering progressive wealth building.  It does not guarantee capital invested nor offer a fixed rate of return.

The Fund is a non-guaranteed fund, which means that investment risks are fully borne by the policyholder and the insurer does not provide either capital or yield guarantees. It offers a balanced mixture of risk exposure.  It is designed for medium to long-term investors and does not guarantee capital invested nor offer a fixed rate of return.

The Fund is a non-guaranteed fund, which means that investment risks are fully borne by the policyholder and the insurer does not provide either capital or yield guarantees. It mainly invests in bonds and is designed for conservative investors.  It does not guarantee capital invested nor offer a fixed rate of return.