The Spanish regulator National Securities Market Commission (CNMV) has given green light to Degroof Petercam’s new global mixed equity fund one month after it was launched.
DP Mixto RV will mainly invest in assets negotiated in the EU member states, as well as in the rest of the European countries, the US and Japan. Although the Fund does not rule out investing in emerging markets, its exposure to those countries is limited to 25%.
The fund will invest at least 30% and up to 75% in equity, being this exposure of 55% in regular market conditions. The remaining percentage of the portfolio will be exposed to public and private fixed income in euro denominated or any other currency. The fixed income portfolio’s duration will be adjusted according to the market outlook, so it will range from 0 to 6 years.
According to the CNMV’s metrics, the fund is aimed at medium term investors that do not plan to withdraw their money in the next four years.