September 15 (SeeNews) - Croatia's financial services regulator, Hanfa, said it has granted approval to investment fund management companies Eurizon Asset Management Croatia, OTP Invest and Raiffeisen Invest to set up five open-ended alternative investment funds with public offering.
The funds have a fixed three-year or five- year maturity, Hanfa said in a statement following a management board meeting on Wednesday.
The funds are Eurizon HR Active Defensive 3 maturing in 2027, Eurizon HR Dollar Bond 3 maturing in 2025, Eurizon HR Target 2027 III maturing in 2027, OTP MULTI USD 2 maturing in three years with an option to extend its maturity for a further three years, and Raiffeisen EUR 2025 Bond maturing on November 3, 2025.
HANF has granted approvals for the launch of 10 new open investment funds year to date.