OP-Maltillinen on tasapainoinen rahasto säästämiseen.


A fund with better return potential without any major risks

Investing in mutual funds pays off

OP-Moderate offers a convenient solution for an investor who is interested in returns but not in following the stock market closely.


Well-balanced fund

A balanced asset mix with stocks increasing the growth potential and fixed-income instruments offering protection.


Owner-customer benefits

Owner-customers buy, sell and switch most funds with no separate charges.

Investing is easy – our portfolio manager does it for you

OP-Moderate is one of the three fund alternatives OP suggests for passive investors. As typical for balanced funds, OP-Moderate comprises both stocks generating returns during an upswing and fixed-income investments providing protection during a downswing. A portfolio management professional changes the fund's equity weighting for the fund investor. The investments are diversified broadly geographically as well as across advanced and emerging markets.
OP-Moderate offers the benefits of wide diversification also for a retail investor.

A fund for those who seek a moderate return

OP-Moderate suits investors seeking reasonable capital appreciation who can tolerate a slightly higher risk level in exchange for higher returns. In the case of OP-Moderate, the risk level is between those of fixed-income investments and equity investments. OP-Moderate is best suited to a passive investor who intends to redeem his/her units after 3 to 4 years at the earliest. The fund is suitable, for example, for someone planning to buy a car or renovate their kitchen.

Online fees and charges

Subscription fee Annual management fee Redemption fee
0 % 1,25 % 0,50 %

No subscription fee will be charged for fund subscriptions. The fund units generate OP bonuses for private customers who are our owner-customers.

OP-Moderate – investment policy

OP-Moderate Fund is a balanced fund investing its assets in the global fixed-income and equity markets. In the base scenario, the fund invests 50% of its assets in the fixed-income markets and 50% in the equity markets. The proportion of fixed-income investments may range between 30–70 % and equity investments between 30–70 %.

The fund’s investments are primarily made through other funds.The fund may use derivatives instruments in its investment activities to hedge against market fluctuations, to replace direct investments and to otherwise promote efficient portfolio management. Primarily derivatives are used in equity and interest-rate risk management.

The Fund diversifies its investments on a broad basis among various companies and bonds, since the investments are mainly implemented using funds.

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.

Stock investments are diversified globally as well as across advanced and emerging markets. The focus of fixed-income investments is on fixed-income instruments issued by public-sector entities and companies with a good credit rating. To a limited extent, the fund may also invest its assets in fixed-income instruments issued by issuers with a lower credit rating or by non-rated issuers.

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

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, Patrik Moring
Benchmark index
No benchmark index
Start date
fund serie
Accumulation unit
Fund size
1918 Meur
Serie value (04.06.)
130,43 EUR
Monthly review

Accumulated profit (04.06)

1mth 3mth 6mth 1 y 3 y p.a. 5 y p.a.
OP-Moderate A +4,67 % -2,82 % -3,71 % +1,64 % +0,31 % +0,90 %
Benchmark - - - - - -

Yearly performance

2015 2016 2017 2018 2019 YTD
OP-Moderate A +4,31 % +3,79 % +2,51 % -7,41 % +14,44 % -5,07 %
Benchmark - - - - - -

Key figures

Volatility 12 m vola 12m Sharpe 12 m Duration
OP-Moderate A 13,40 % 0,15 -
Benchmark index - - -

Owner-customer benefits

  • As an owner-customer you can sell, buy and trade nearly all our mutual funds (savers’ funds, socially responsible funds, and equity and bond funds) without fees.
  • As an owner-customer, you can also invest in funds by saving through insurance. OP Unit-linked Insurance and OP Savings Agreement are insurance savings products intended for owner-customers that offer an effortless and flexible means for long-term saving. Switching between investment instruments and transferring funds to insurance savings is free of charge.
  • Owner-customers have automatic access to the second fee level on the stock brokerage fee list, in which the brokerage fee is 0.17% (min. 7 euros), while the fee at the first fee level is 0.2% (min. 9 euros).

OP bonuses

In addition to OP bonuses earned through saving and investment, owner-customer earn bonuses from

  • loans
  • funds in accounts
  • purchases you have paid with the OP-Visa credit
  • insurance premiums for home, family and motor vehicle policies.

OP bonuses are used for the bank’s service charges and insurance premiums.


OP Fund Management Company Ltd manages OP mutual funds.