WVP Fund Management

What WVP Fund Management does

WVP Fund Management AD Skopje is a licensed investment fund management company headquartered in Skopje, North Macedonia. Founded on 13 August 2014 and regulated by the Securities Commission of the Republic of North Macedonia, the firm manages a portfolio of eight open-end investment funds spanning the full risk-return spectrum: equity funds (WVP Premium Equity, WVP Dividend Equity, WVP Ethics Equity, and Grawe Global), bond funds (WVP BOND and Grawe Flex Bond Euro), a money market fund (WVP Cash Deposit), and the WVP Junior Investment Club for investors under 18. The company is a subsidiary of Austrian-based WVP Group GmbH (Graz), which contributes 40+ years of group-level investment experience, and operates in partnership with GRAWE Group on selected international funds. Komercijalna Banka AD Skopje serves as the depository bank providing independent custody and NAV oversight.

The firm's distribution model combines self-service digital channels with a direct consultation sales motion. Core technology consists of a multilingual website (Macedonian/Albanian/English), a secure investor portal (investor.wvpfondovi.mk), and the WVP mFunds mobile application supporting account registration, fund purchases, redemption requests, and portfolio monitoring. Marketing and customer-acquisition channels emphasize financial-literacy content: a beginner's investment guide, a risk-profiling quiz, an investment calculator, a blog, and quarterly stock-market reports. The WVP Junior Investment Club and free-consultation booking function as community-building and conversion tools. The firm positions itself as the largest equity fund manager in North Macedonia by AUM and serves three customer segments: individual retail investors (primary), youth and families, and corporate/institutional clients.

Revenue is generated on a subscription/recurring basis through management fees charged as a percentage of assets under management, supplemented by fees from individual portfolio management and investment consulting services. The minimum monthly investment is 1,000 Macedonian denars across all funds, with no publicly disclosed management fee percentages (pricing is quote-based and communicated at consultation). As of January 2019 the firm managed over 24 million EUR across its three principal funds, with 2,062 clients in WVP Premium Invest alone; the platform now serves 12,000+ investors. No funding rounds, M&A activity, or public-listing signals are present; the firm remains privately held under Austrian parent ownership.

Name

WVP Fund Management

Legal name

ВФП ФОНД МЕНАЏМЕНТ АД Скопје (WVP Fund Management AD Skopje)

Website

https://wvpfondovi.mk

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

501–1,000 employees

Short description

WVP Fund Management is a licensed North Macedonian investment fund management company operating eight equity, bond, and money market funds for over 12,000 retail, youth, and corporate investors, backed by Austrian parent WVP Group GmbH.

Ownership category

akta.pro rank

Product category

Investment Fund Management

NAICS

Open-End Investment Funds (525910), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro industry

PRIMARYFSAAAHAK

Money Market Funds & Ultra-Short Duration

Financial & Insurance/Asset & Wealth Management/Asset Management — Fixed Income & Credit

SECONDARYFSAHAKAC

Managed Account Platforms (Separately Managed Accounts / Customized Portfolios)

Financial & Insurance/Hedge Funds & Alternative Investments/Alternative Investments — Fund of Funds & Multi-Manager Platforms

SECONDARYFSANAJAN

SDG / Thematic Sustainable Investment Funds

Financial & Insurance/Private Equity & Venture Capital/Impact / ESG & Sustainable Investment Funds

Keywords

• Investment fund management
• Open-end equity funds
• Bond and money market funds
• Portfolio management services
• Individual investment consulting

Headquarters

HQ city

Skopje

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Investment Fund Management Fees: WVP Fund Management generates revenue through management fees charged on the assets under management across its open-end and closed-end investment funds. Investors purchase units in the funds and pay ongoing management fees, which are calculated as a percentage of AUM. The company also earns fees from individual portfolio management and investment consulting services.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

WVP Fund Management is a licensed investment fund management company in North Macedonia that manages a diversified range of open-end and closed-end investment funds covering equity, bond, and money market strategies. Investors purchase fund units with a minimum monthly contribution of 1,000 Macedonian denars and gain professionally managed exposure to global and domestic capital markets, with transactions handled through a web investor portal and the WVP mFunds mobile application under supervision of Komercijalna Banka as depository.

Product overview

WVP Fund Management is a fund management company managing a portfolio of 8 distinct investment funds covering the full risk-return spectrum. The product lineup includes equity funds (WVP Premium Equity, WVP Dividend Equity, WVP Ethics Equity, Grawe Global), bond funds (WVP BOND, Grawe Flex Bond Euro), and a money market fund (WVP Cash Deposit), plus the WVP Junior Investment Club for young investors. The company also offers supplementary services including a mobile application (WVP mFunds), an online investor portal, and individual portfolio management/investment consulting. All funds are regulated by the Securities Commission of the Republic of North Macedonia and supported by the Austrian-based WVP Group.

Differentiator

Problem solved

Functional benefit

Brands

• WVP Premium Equity (WVP Премиум Акции): Largest equity fund in the Macedonian market by AUM. Invests in quality growth companies from the world's most developed markets.
• WVP Cash Deposit (WVP Кеш Депозит)
• WVP BOND (WVP 100% Bond)
• WVP Dividend Equity (WVP Дивиденда Акции)
• Grawe Global
• Grawe Flex Bond Euro
• WVP Ethics Equity (WVP Етикс Акции)
• WVP Junior Investment Club (WVP Јуниор Инвестициски Клуб)
• WVP mFunds (Mobile App)

Products and services

• WVP Premium Equity (WVP Премиум Акции) Open-end equity fund investing in quality growth companies from developed markets worldwide; the largest equity fund in the Macedonian market by AUM, designed for investors with higher risk tolerance seeking long-term capital growth.
• WVP Cash Deposit (WVP Кеш Депозит) Open-end money market fund investing primarily in deposits with Macedonian banks and domestic government securities; offers daily liquidity and stable returns above standard transaction account interest for conservative or short-term-horizon investors.
• WVP BOND (WVP 100% БОНД) Bond fund investing predominantly in government securities and other secured instruments; offers fixed, relatively stable returns for medium-term investors with moderate risk tolerance.
• WVP Dividend Equity (WVP Дивиденда Акции) Equity fund focusing on dividend-paying stocks, providing investors with dividend income alongside potential capital appreciation.
• Grawe Global

Quantifiable outcome

• Over 12,000 investors have chosen WVP as a partner in their financial journey.
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Komercijalna Banka AD SkopjecoreOthersKomercijalna Banka AD Skopje serves as the Depository Bank (custodian) for all investment funds managed by WVP Fund Management. The Depository Bank independently valuates the fund's net asset value on a daily basis, verifies issuance and redemption of units in accordance with the Law and fund rules, maintains separate records for each fund, reconciles them with the company's records regularly, and reports any breaches of the Law to the Securities Commission. This provides dual control and continuous oversight of operations.
• Securities Commission of the Republic of North MacedoniacoreOthersThe Securities Commission of the Republic of North Macedonia is the primary regulatory authority overseeing WVP Fund Management's operations. The company is a licensed investment fund management company regulated under the Law on Investment Funds and the Law on Commercial Companies. The Commission also selects a replacement fund management company in the event of WVP Fund Management's closure or bankruptcy.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Schroders: London-based global asset manager with significant European retail fund distribution and emerging-markets capabilities. Comparable to WVP in offering a diversified active fund range (equity, fixed income, multi-asset, sustainable) to retail investors via direct and intermediary channels across European markets.
• NN Investment Partners: European asset manager (NN Group) with strong Central European and emerging-markets fund franchises. Comparable to WVP in distributing active mutual funds to retail and institutional clients across multiple European jurisdictions and offering ESG/sustainable strategies alongside core equity and fixed income products.
• Vanguard: Global low-cost asset manager whose expanding European footprint and low-fee index funds are reshaping retail investor expectations across the continent. Comparable to WVP as a structural threat — its fee compression pressure directly challenges active-fund economics that underpin WVP's management-fee revenue model.
• Amundi: Europe's largest asset manager with extensive CEE and emerging-markets fund distribution through partner banks and direct channels. Comparable to WVP in serving retail and institutional clients across Europe with multi-strategy fund ranges (money market, bond, equity, ESG), though at materially larger scale and with global product breadth.
• BlackRock: World's largest asset manager with deep European retail and institutional presence and the dominant iShares ETF franchise. Competes with WVP for European retail investment flows, particularly via low-cost passive alternatives and increasingly via active ESG products that overlap with WVP's equity and ESG fund offerings.
• DWS Group: European-headquartered asset manager (Deutsche Bank spin-off) distributing diversified active and passive funds across European retail and institutional channels. Comparable to WVP in offering multi-strategy fund families with active equity, bond and ESG strategies, though with substantially larger AUM and broader geographic reach.
• Generali Investments: European asset manager controlled by the Generali insurance group with multi-country CEE and Balkan exposure, offering diversified mutual funds alongside insurance wrappers. Comparable to WVP in operating model (insurance-and-asset-management hybrid, multi-country European distribution) and product breadth, though at vastly larger AUM scale.

Direct peers

• Erste Asset Management: Austrian-headquartered asset manager that distributes funds across Central and Eastern Europe through the Erste Group banking network. Closely comparable to WVP in model: a Vienna/Graz-rooted fund manager leveraging a regional banking and parent-group affiliation to serve CEE retail and institutional clients with multi-strategy fund ranges.
• Raiffeisen Capital Management: Austrian asset manager operating inside the Raiffeisen Banking Group footprint across CEE. Comparable to WVP because of its Austrian parent structure, multi-country Central European distribution model, and broad fund range (equity, bond, money market) sold predominantly to retail and corporate clients in emerging European markets.

Regional players

• InterCapital Asset Management: Croatian asset manager distributing actively managed open-end funds across Croatia and the wider Adriatic/Central European region. Comparable to WVP as a regionally focused multi-fund manager serving retail and institutional clients in a smaller emerging European market with similar regulatory structures and active-fund-centric business model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about WVP Fund Management