Order execution

Fondita has documented procedures to ensure that due diligence is exercised in fund operations and that the investment fund’s orders achieve the best possible result. Fund orders must be executed quickly, efficiently and fairly, and orders to act on behalf of the managed funds must always be handled in the best interests of the managed funds. The risk management function, compliance function and internal audit are responsible for monitoring compliance with the documented procedures.

Fondita manages equity funds that invest in listed equities. The funds managed by Fondita do not invest their assets in investment funds, AIFs, ETFs or derivatives.

Fondita has adequate knowledge and understanding of the investments in which the investment funds invest. Investment decisions on behalf of the investment fund are made in accordance with the investment fund’s objectives, investment strategy, sustainability strategy and risk limits.

The Fund Management Company shall always act in the best interests of the managed funds when executing decisions to act on behalf of the managed funds. The Fund Management Company takes all reasonable steps to obtain the best possible result for the mutual fund, taking into account price, cost, speed, likelihood of execution and settlement, the size and nature of the order and any other consideration relevant to the execution of the order.

The intermediaries used by Fondita must be reliable and widely known in the industry. The intermediaries must have a license to operate in the EEA. The fees for the execution of the assignments must be transparent. The nature, amount or basis of calculation of the fees must be specified in a comprehensive and clear manner.