Bankia unveils global FoF

Spanish banking group Bankia Fondos has launched the Bankia Gestión Alternativa FI, registered at the Spanish National Securities Market Commission (CNMV) on 28 July 2017.

The fund, which is a global fund of funds, actively managed with a focus on alternative management, will invest in public and private equity and fixed income.

At least 75% of the Fof will constitute exposure to other funds, and of that 80% will be invested in funds implementing alternative strategies, chiefly Long/Short and Global Macro.

The Fof aims for a maximum annual volatility of 5%.

 

ABOUT THE AUTHOR
Eugenia Jimenez
Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as assisting with coverage of Italy. She holds a UK NCTJ- accredited Multimedia News Reporting course and studied Journalism at the University of Sevilla. She has worked for local media organisations in Sevilla and Málaga, mainly in broadcasting as a news reporter, among other roles. She has also worked for a local newspaper in Sevilla, reporting on current affairs, local government and culture.

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