Launches a Eurocash money market fund by Mapfre Asset Management
In a move to provide a safe and efficient way for investors to manage their liquidity in an environment of economic uncertainty, Mapfre Asset Management has launched its first money market fund. Named Mapfre AM Eurocash, the fund is domiciled in Luxembourg and is open to both Spanish and international investors.
The focus of the fund is squarely on capital preservation, with its portfolio primarily consisting of high-quality, euro-denominated fixed-income instruments. These instruments include government and corporate debt traded on regulated markets across OECD member states. The fund invests in financial institutions such as banks, supranational organisations, and other high-credit-quality issuers in the euro area.
All holdings in the fund will have investment-grade credit ratings, and the fund's portfolio duration is capped at six months, with a maximum average maturity of one year. This design positions Mapfre AM Eurocash as an alternative to traditional bank deposits, treasury bills, and current accounts, offering daily liquidity, diversification, and stability.
The returns of Mapfre AM Eurocash will be linked to the evolution of short-term interest rates in the Eurozone. The active management of the fund is tailored to current market conditions, reflecting Mapfre AM's dedication to providing robust financial solutions that cater to the needs of investors in every phase of the economic cycle.
A Mapfre fund selector was quoted as saying, 'Blue-collar America is back,' but no further details about this statement or its context were provided. Meanwhile, the fund does not make direct reference to any specific sector or industry in its design.
Mapfre AM's CEO, Álvaro Anguita, emphasised the importance of the fund in the current market climate. He stated, 'In these times of volatility, it's essential to have a safe haven for investors. Mapfre AM Eurocash is designed for conservative investors seeking a secure place for their funds with daily liquidity, diversification, and stability.'
No information has been provided about the fund's minimum investment amount or management fees. However, the fund positions itself as an attractive option for investors seeking a conservative investment strategy in the current stock market today.
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