Spanish independent asset manager Metagestión has teamed up with the fixed income specialist Ever Capital Investments to launch a global bonds fund with medium to high volatility.
As its name suggests, Ever Metavalor Renta Fija High Yield is a high yield bonds fund that will invest mostly in private fixed income instruments but also part of its portfolio will be allocated to public fixed income.
The Fund will be managed by Ever Capital Investments, a securities company co-founded in 2016 by Cayetano Ramos and Eva Rodríguez-Roselló. The company, with €620m in assets under management according to the Spanish industry body association Inverco, specialises in fixed income of "special operations" investing in investment grade, high yield and distress bonds.
To be registered on the Spanish regulator CNMV, the Fund will mainly invest in bonds of European issuers and in some of other OECD countries. Its portfolio average duration will be from two to seven years.