Citibank Hungary has further expanded its investment product offering by partnering with a new fund manager, Pioneer Investments Fund House (PIFH). The 14 new mutual funds of PIFH are now part of a total of nine Citibank partners and 156 mutual funds distributed by Citibank to its customers.
The Euro and USD denominated mutual funds available at Citibank include, Pioneer Commodity Alpha (EUR, USD), Pioneer US Pioneer (USD), Pioneer Greater China (EUR), Pioneer Global Ecology (EUR, USD), Pioneer European Equity 130/30 (EUR), Pioneer US Equity 130/30 (USD), Pioneer Global Diversified Equity 130/30 (EUR), Pioneer Euro Convergence Bond (EUR), Pioneer Emerging Europe and Mediterranean Equity (EUR), Pioneer Euro Aggregate Bond (EUR) and Pioneer Global Aggregate Bond (EUR, USD).
Citibank aims to provide enhanced opportunities to its customers to establish well-balanced investment portfolios. The minimum investment amount required is E1,000 or $1,000 and Citibank said that it would apply a transparent fee structure.
Batara Sianturi, county officer at Citi in Hungary, said: “Enhancement of our investment product offering in different asset categories is a key pillar of our wealth management strategy. Our main objective is to make it easy and convenient for our customers to develop portfolios consisting of Citibank’s and our partners products that reflect their risk appetite and best serve their short and long term financial goals.”
