Universa.pl is a sub-fund which mainly invests in equities. Its investment policy is closely aligned to that of OPERA CEIF. In other words, it is an investment product combining the features of a hedge fund and a non-benchmarked opportunistic fund geared at absolute return rates (independent of market cycles). The open-ended structure of the fund opens it to a larger group of investors and ensures excellent liquidity of investment (shares in the fund are priced on a daily basis, so investors can buy and redeem shares at any time, not only on issue or redemption dates as is the case with closed-ended funds).

These assumptions underlie the applied solutions:

A wide range of acceptable asset categories ensures a much better diversification. It is often argued that adequate diversification necessitates investment with several Polish funds (even if they use a similar strategy) operated by different managers. In fact, this only inflates the investor’s cost and does not mitigate the risk sufficiently as funds usually invest in the same instruments in the same market (trading in the same instruments will inflate the transaction cost eventually borne by the investor). OPERA Universa.pl offers a much better diversification both by category of assets (including equities, government bonds, commercial bonds) and by geographical market (investment in Japan, Turkey, the USA, Central and Eastern Europe). The probability of the same trends affecting all those markets and categories of assets is much lower, which suggests that in the long run Universa.pl assets should be subject to less volatility (and risks) than the funds tied to a single market or assets category.

Universa.pl is an opportunistic Sub-fund which pursues an active management policy. Its managers can respond promptly and flexibly to market trends. Depending on forecasts, managers can:
- buy financial instruments on the target markets, or
- exit the markets and take no position until an opportunity arises for a profitable entry.
Unlike typical equity funds, Universa.pl is not required to invest in equities when the market is down!

A large part of the management fee depends on the performance of OPERA Universa.pl.

Our long-time customer experience and the performance of OPERA CEIF have encouraged us to launch the Universa.pl investment product. Its investment policy is closely aligned to that of OPERA CEIF (within the legal limits of an open-ended fund). As a result, OPERA Universa.pl draws upon the best practice of OPERA CEIF and opens it to a large group of investors.

The Sub-fund OPERA Universa.pl operates under the umbrella of OPERA OEIF.