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%.