About the product

Mutual funds are an increasingly widespread form of investing savings. They are created and managed by mutual fund companies or foreign investment companies.

Foreign mutual funds provide unlimited investment opportunities, highest quality of management as well as appropriate diversification of the investment portfolio. These funds issue fund participation titles, which in legal terms are similar to participation units of Polish funds.

As in case of Polish funds, foreign funds carry out an investment goal, which is - depending on the fund profile and type: to attain above-average yield, balanced or stable growth of the invested money, protection of capital against inflation or safety of the invested capital.

Foreign mutual funds represent an opportunity to invest in global markets of shares, bonds, currencies, real estate as well as other alternative investments. Diversification of investment asset classes as well as sector and geographic diversification allow portfolio risk to be mitigated significantly and potential yield on the investment to be increased.

The Private Banking offering includes foreign funds managed by two foreign investment companies: BlackRock Global Funds and Franklin Templeton Investments. The offering includes various funds with innovative investment strategies, allowing investing on markets all over the world in various classes of assets in EUR, USD and PLN.

Investing in funds involves risk of a loss as well as the obligation to pay fees. Prior to making the investment read the Prospectuses / Key Investor Information (KID) carefully as well as the descriptions of risk factors contained therein. Prospectuses, Key Investor Information (KID) together with the fees table are available in Financial Centres as well as in the offices and on the websites of particular mutual fund companies or other bodies managing mutual funds.


Foreign investment funds are managed by investment companies investing in assets on foreign markets. Certain foreign investment funds may specialise in geographical markets or specific sectors and invest their assets in securities of issuers originating from a specific country/region of the world or a specific sector. Additional higher risk relative to access to in formation from a given market is linked to foreign investment funds. Fund participation titles are denominated in foreign currencies but may be made available in PLN either hedged or not hedged against underlying currency.


Purchase of a foreign fund investing in securities denominated in different currencies generates a foreign exchange risk resulting from changes in spot and forward market exchange rates and their mutual relationships. FX rate changes might lead to changes in valuation of participation titles. Investing in foreign investment funds is connected with tax costs. Relevant information is available in the fund's prospectuses.

The following risks may be connected with investing in investment funds managed by foreign investment companies:

  • Availability of information from a given market,
  • Sector risk,
  • Credit risk,
  • Short-term price volatility risk,
  • FX risk,
  • Risk of not admitting issuer's securities to regulated market trading,
  • Liquidity risk,
  • Tax risk,
  • Legal risk,
  • Settlement risk,
  • Market risk,
  • Interest rate risk,
  • Risk of loss of capital,
  • Asset or market concentration risk,
  • Level of charges and fees,
  • Product complexity.

Risk description is provided in „Description of Risk Related to Financial Instruments and Products for Individuals in Bank Millennium S.A."1), as available in the Bank's outlets and on the Bank Web site www. bankmillennium.pl.

Detailed information on risks and investment strategy can be found in investment fund prospectuses.

Legal disclaimers

Any information contained in this publication is for information only and does not constitute an offer, recommendation or any invitation sent to anyone (or any group of people) to conclude a transaction on financial instruments presented in it. In particular, information contained in this publication does not constitute an offer within the meaning of the Civil Code Act dated 23 April 1964 and is not a service of investment, financial, tax, legal or any other advice.

The terms contained in this publication are for orientation. Any prices and/or specimen transactions are for illustration purposes only and do not constitute an offer of concluding a transaction on such terms or the indication that a transaction on these terms is feasible. Moreover, no calculations or results presented in this publication guarantee future profits. The actual terms of a transaction on financial instruments will be based on market terms established at the moment of its conclusion. Any available price quotations or analyses contained in this publication have been prepared on the basis of assumptions and parameters reflecting the assessment or choice made by the Bank. The Bank shall provide no guarantee of precision, completeness or reasonableness of such quotations or analyses. 
The recipient of the information in this publication shall exclusively bear the risk of its using in particular with respect to investment decisions on its basis.

Financial transactions are connected with risk detailed in the „Description of the Risk Connected with Financial Instruments or Products at Bank Millennium S.A.", available from the Bank's outlets and website www.bankmillennium.pl. Anyone who purchases a financial instrument shall accept and bear liability under tax obligations resulting from binding regulations. In view of the above risks and circumstances the Bank's clients should have sufficient knowledge and experience to assess the nature of each financial transaction entertained by them and them associated risk. If in any doubt, clients should use the services of a tax, legal or investment advisor. The Bank shall communicate any additional information which will be validly asked for by the Client to enable him the assessment of the risks and nature of the transaction.

The Client's conclusion of a transaction on financial instruments constitutes grounds for recognition that the Client has familiarised himself with the terms of the transaction and associated risks and accepted them

The dissemination and distribution of certain financial instruments and trading in them may be subject to certain limitations with respect to certain persons and states, in accordance with appropriate legislation. It is up to the client to demonstrate the legal capacity or rights to invest in a given financial instrument. Financial instruments can be offered and traded exclusively in compliance with the appropriate provisions of law.
The information in this publication shall be made available exclusively to its Recipient. The Recipient must not copy, reproduce nor communicate or make it available to third parties in any other way, in full or in part (except to his professional advisors) without the Bank's prior written consent.

Funds invested in the product are not covered by the deposit insurance scheme of the Bank Guarantee Fund.  

Markets in Financial Instruments Directive

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More details

For detailed information contact your nearest Bank Millennium Financial Centres