VB Invest, a subsidiary of Volksbank d.d. and its fund management company in Austria, presented two investment funds and a strategy for further business operations. As stated by Slaven Štefanec, a member of the Management Board of VB Invest, the intention is to raise funds of 200 to 250 million kuna and thus acquire a market share of at least two percent.
At the press conference, VB Invest introduced two investment funds that have been operating since the end of September: VB Cash is a cash fund that will invest most of its money in deposits in banks, treasury and commercial bills issued in Croatia, while retaining a certain portion in cash. The equity fund named VB High Equity, on the other hand, will be aimed at institutional and private investors, and its investment policy will consist of investing in stocks and bonds issued in Croatia, but will also partially invest in securities listed in the countries of the region.
As stated by Slaven Štefanec, a member of the Management Board of VB Invest, the intention is to raise funds of 200 to 250 million kuna and thus acquire a market share of at least two percent, which approximately corresponds to the share of the Volksbank group in the banking market in Croatia. – We intend to focus our investments on the construction and financial sectors. Although yield is extremely important to us, we also intend to provide investors with a certain level of security through investment diversification along with a quality perception of risk and safety – said Štefanec.
