Spanish investment house Inversis has registered in the National Securities Market Commission CNMV a new umbrella fund with three compartments with the aim to give investors the opportunity to choose the most suitable for them, Funds People revealed.
One of the compartments or sub-funds of the Multiadvisor Gestión II is advised by the Spanish Eaf Ágora Asesores Financieros while the other two are advised by the recently-launched securities agency of the insurance firm Caser.
Galileo is the name of the sub-fund advised by Ágora, that will invest in global equities taking as a benchmark the MSCI World Index Net Total Return index. It will be managed with an objective of annual volatility above 25%.
Between 75% and 100% of the fund's portfolio will be invested in equities of any capitalisation of sector, mainly of the OECD, being able to invest up to 15% of its total exposure in emerging markets.
The rest of the portfolio will be invested in public or private fixed income with a maximum duration of 18 months.
Caser Flexible and Caser Global Opciones are the two sub-funds advised by Caser, a global mixed equity fund and a global fund respectively.