The Spanish National Securities Market Commission (CNMV) has authorised the launch of the three first investment funds of Loreto Mutua, formerly known as Montepío Loreto.
The funds, managed by Loreto Inversiones that started operating last April, are the Loreto Premium Mixed Equity fund, the Loreto Premium Global fund, and the Loreto Premium Mixed Fixed Income fund.
Loreto Premium Mixed Equity – whose benchmark are equally the Euro Stoxx50 and the Bloomberg Barclays Euro Government 1-3 years – ,invests between 30% and 75% in equities of any capitalisation and sector, and the remaining percentage in public and/or private fixed income. The manager warns that the fund “may not be suitable for investors planning to withdraw their money in less than 4 years.”
Loreto Premium Global is a global fund taking the same benchmark than the Loreto Premium Mixed Equity that invests between 0 and 100% of its total exposure in equities or public/private fixed income.
Loreto Premium Mixed Fixed Income invests up to 30% in equities of any capitalisation and sector, and the remaining part in public and/or private fixed income.
The three funds are available for retail investors from an entry investment of 10 euros and for institutional investors from €1m.