OP-Tactical Portfolio

Agilely after the best returns

An investor's success or failure depends on their market insight and reaction speed. OP-Tactical Portfolio is a balanced fund for an investor who understands the importance of both of the abovementioned qualities but who expects the portfolio manager to see to their application in practice.

  • The fund’s equity weighting is actively managed and it can vary sharply depending on market conditions.
  • The fund's investments are primarily executed through other mutual funds and they are diversified widely around the world.

Subscription fee

Annual management fee

Redemption fee

0,75 % 0,33 % 0,75 %

Fund units generate OP bonuses. The fund pays the management and custody fees of the underlying fund unit investments.

OP-Tactical Portfolio is an equity-based balanced fund that diversifies its investments in a versatile way across the world’s equity and fixed-income markets. Investments are primarily made through other funds. The fund’s equity weighting is actively managed and it can vary sharply depending on market conditions. The underlying idea is to make use of stocks' return potential during upswings and, correspondingly, to protect assets using fixed-income investments during downswings.

OP-Tactical Portfolio is directed at demanding investors who are looking for asset management characterised by strong views. The risk level of OP-Tactical Portfolio is close to that of an equity fund, and its interest rate risk and credit risk are fairly low. Since investments are also made outside the euro area, the fund is exposed to risks caused by unfavourable movements in foreign exchange rates. The investor also needs to consider the risks related to asset class selection as well as a moderate active risk which arises when the portfolio manager applies a strong view and accordingly focuses on individual asset classes such as equities or fixed-income investments. This fund is mainly recommended to an investor who intends to redeem his/her units after five years at the earliest.

Read the portfolio manager's review on the fund's Finnish pages.

As our owner-customer, saving and investing is especially worthwhile thanks to the excellent benefits you receive.

Your benefits when investing in funds or through insurance:

  • Buy and sell almost all OP mutual funds with no fees.*
  • You earn 0.35% OP bonuses from mutual fund and insurance assets.** 
  • Begin saving through insurance free of charge. 
  • Switch between investments, invest additional funds and change your payment and investment plan for OP Unit-linked Insurance and OP Savings Agreement free of charge in our digital services.  

Your benefits in equity and ETF investing:

  • Open an equity savings account or book-entry account free of charge.
  • You get a discount on equity trading and a 1% fee ceiling when trading in Finnish listed companies through a book-entry account The discounts apply in digital services.
  • Get access to free stock picks and analysis.
  • Get a discount on the service packages for savers and investors:
    Equity savings account: 
    Saver: €0/month (normally €2.99/month)
    Investor: €9.99/month (normally €14.99/month)
    Book-entry account: 
    Saver: €0/month (normally €2.99/month)
    Investor: €0/month (normally €5.39/month)

Other benefits:

  • Only owner-customers can invest in Profit Shares.

Remember to make use of all benefits:

*Standard fees are charged for the following special common funds: OP-Public Services Real Estate, OP-Forest Owner, OP-Rental Yield, OP-Alternative Portfolio and OP-Private Equity.

**OP bonuses are automatically used to pay the bank’s service charges and insurance premiums. No OP bonuses are accrued from the R2 Crystal special common fund or institutional classes of funds. The following investment products linked to insurance assets do not accrue OP bonuses: JPM Russia A, JPM Emerging Europe Equity Fund, and BlackRock GF Emerging Europe Fund A. OP bonuses are accrued from unit-linked insurance policies, excluding Individual Unit-linked Insurance and Individual Capital Redemption Contracts.  

OP-Tactical Portfolio (Fund) is a balanced fund which mainly invests its assets in international equity and bond markets.

In the basic allocation, the Fund invests 75% of its assets in equity markets and 25% in bond markets. The share of equity-linked instruments of the Fund's value may vary between 50% and 80% in the basic allocation. According to the portfolio management's view, the Fund may lower its equity weight to 20–50% for a short or intermediate-term in order to hedge against falling equity prices.

The Fund makes investments mainly through other mutual funds. The Fund may use derivative instruments in order to hedge against adverse market movements, to replace direct investments and to otherwise promote effective portfolio
management.

Derivatives are chiefly used to manage equity and interest rate risks.

The Fund also invests in non-euro-area markets involving currency risks. In the basic allocation, the Fund does not hedge against currency risk but may, according to the portfolio manager's view, take temporary hedging measures.

The Fund’s benchmark index is a combination of several indexes. The composition of the benchmark index is described in the fund prospectus. With active investing, the Fund seeks to outperform its benchmark index in the long term. The Fund mainly takes notable active risk and it may differ significantly from the composition, weights and risk level of the benchmark index.

Read more about fund’s responsibility on the fund’s Finnish pages.

More details Basic data, performance and fact figures

Basic data

Fund manager
Harri Kojonen
Benchmark index
Composite benchmark, see the fund Prospectus for details.
Start date
23.04.2001
ISIN
FI0008804570
fund serie
Accumulation unit
Fund size
161 Meur
Serie value (27.03.)
294,95 EUR
Monthly review
Download
Key Information Document
Download
Rules
Download

Accumulated profit (26.03)

1mth 3mth 6mth 1 y 3 y p.a. 5 y p.a.
OP-Tactical Portfolio A +2,27 % +5,97 % +11,29 % +15,32 % +7,69 % +7,22 %
Benchmark +2,49 % +7,19 % +12,94 % +18,92 % +8,58 % +9,00 %

Yearly performance

2019 2020 2021 2022 2023 YTD
OP-Tactical Portfolio A +19,06 % −2,04 % +21,84 % −8,83 % +13,13 % +6,01 %
Benchmark +20,72 % +2,75 % +20,84 % −8,00 % +14,40 % +7,33 %

Key figures

Volatility 12 m vola 12m Sharpe 12 m Duration
OP-Tactical Portfolio A 6,28 % - -
Benchmark index - - -

This is an advertisement. Remember that investment always involves risks. The value of investments can rise and fall, and an investor can lose part or all of the money they invest. OP funds are managed by OP Fund Management Company Ltd, with OP cooperative bank acting as its agent. Normal transaction costs are charged for the following special common funds: OP-Public Services Real Estate, OP-Forest Owner, OP-Rental Yield, OP-Alternative Portfolio and OP-Private Equity special common funds.