Ibercaja Gestión launches two equity funds
Spanish asset manager Ibercaja Gestión has launched two new equity funds.
The first vehicle, Ibercaja Europa Star, invests in European equity funds from international asset managers.
The other fund, Ibercaja Global Brands, is exposed to stocks with a solid track record and strong brand image. The fund puts a special focus on cash generation and capital return, the asset manager said.
The fund, available in the market since August, has now assets under management (AUM) of more than €60m.
Ibercaja Gestión launched recently two guaranteed funds in response to demand from more conservative investors.
Through August, the Spanish asset manager has attracted 13% of inflows in the Spanish fund market. Net inflows in the first eight months of the year reached more than €800m and AUM totaled more than €9.5bn.
Last year, Ibercaja Gestión doubled its net inflows and clients, which exceeded 62,000 participants by the last months of 2015.