Bankia launches portfolio management service

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Spanish bank Bankia has launched Gestión Experta, a new fund portfolio management service aimed at all clients with more than €10,000.

Gestión Experta, launched at the beginning of April and with some €500m in assets under management, is currently available just at Bankia’s offices and will be also offered to online clients soon.

The new service offers clients access to more than 60 national and global funds of various asset managers, and is split between four portfolio groups which differ from the others by their equity exposure and their volatility levels.

Bankia amounted to €19.6bn in assets of investment funds in March 2018 following the bank’s integration of Banca Mare Nostrum (BMN).