Spanish boutique to market Sicav in Belgium
Spanish asset manager Magallanes Value Investors is set to distribute the two sub-funds of its Luxembourg-domiciled Sicav in Belgium following the approval of Belgian regulator FSMA at the end of April.
The Sicav is composed of the Magallanes Value Investors Ucits European Equity and the the Magallanes Value Investors Ucits Iberian Equity strategies.
The former, launched in February 2016, invests primarily in a portfolio of European company securities but may include securities listed in other OECD countries whereas the latter, introduced in December 2015, consists of a portfolio of stocks listed in Spain and Portugal.
Magallanes’ founder Iván Martín is the portfolio manager of both funds.