Gesalcalá, the asset manager of Spain’s Banco Alcalá, has launched a new global fund, which will be advised by EAFI RSR, the bank’s portfolio manager Pilar Arroyo González told InvestmentEurope.
The fund, called RSR Global, will be able to invest freely between 0% and 100% of its total exposure in equities and public or private fixed income.
Investments can be done directly or through other investment funds, according to the fund prospectus submitted to the Spanish regulator CNMV.
The fund’s only limitations will be a maximum of 30% in “non-harmonised funds” — which are regulated at the national level and do not generally follow the prudential EU rules for Ucits — and a maximum of 70% in currency risk.
The RSR Global fund has been created with an initial minimum investment of €10 and direct management commission of 0.75%, while results and custody fees are 9% and 0.07%, respectively.