• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video

Inverco claims managers' autonomy over funds closure

Inverco claims managers' autonomy over funds closure
  • Eugenia Jiménez
  • Eugenia Jiménez
  • 20 June 2018
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

The Spanish asset management industry body Inverco has put forward a proposal to the Spain’s Ministry of Economy consisting on the possibility of enabling fund managers to decide on the funds’ closure once they reach certain volume of assets.

The proposal aims at enabling fund managers to hard-close their funds if they see their work compromised by a very high volume of assets to manage, says Ángel Martínez-Aldama, chairman of the Spanish asset management industry body Inverco.

Related articles

  • Magallanes reopens Iberian equity fund to investors following outflows
  • Santander AM soft closes Santander Small Caps fund
  • Good things come in small packages
  • Tough choices for another difficult year in Spain

Usually, when a fund in Spain proves to be successful and wants to limit its assets under management, it tends either to reduce its minimum investment requirement to one share per order, or it raises this entry investment considerably in order to discourage the purchase of new shares.

Santander Asset Management announced recently it would limit the entries to the Santander Small Caps Spain fund following its 220% rise YoY, while both the Magallanes Microcaps Europe and the Magallanes Iberian Equity hard-closed after having reached €100m and €500m, respectively.

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Iberia
  • Inverco
  • Spain
Back to Top

Most read

HSBC Singapore CEO to leave for Saudi British Bank
HSBC Singapore CEO to leave for Saudi British Bank
EU removes Barbados from blacklist of 'non-cooperative' jurisdictions
EU removes Barbados from blacklist of 'non-cooperative' jurisdictions
Global UHNWI population to grow by 27% over the next five years: Knight Frank
Global UHNWI population to grow by 27% over the next five years: Knight Frank
J.P. Morgan Asset Management launches Global Income Sustainable Fund
J.P. Morgan Asset Management launches Global Income Sustainable Fund
Comment: Four key issues powering the renewable energy revolution
Comment: Four key issues powering the renewable energy revolution
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading