Mexico’s BBVA Bancomer launches three funds
Mexico’s BBVA Bancomer launched a new range of mutual funds with the aim of reducing market risk through a diversified product.
The three new funds, called Fondos de Estrategias, combine different asset classes in order to manage risk, the company said.
BBVA Bancomer offers the Capital Preservation fund (B+PC) which invests in debt instruments and can apply absolute return strategies through international investment funds.
The Flow Generation fund (B+GF) invests in debt and equities directly or through funds. It also has exposure to multi-asset funds investing in a wide range of equity instruments, fixed income, currencies and absolute return strategies.
Growth (B+CR) is the third fund, which invests in riskier assets such as international stocks in different sectors, both directly and through funds. The fund also invests in structured products and absolute return strategies through international funds.
Salvador Sandoval Tajonar, director of BBVA Bancomer’s Wealth Management and Private unit, said risk management is “an essential element” of the investment process and the starting point to build up investment portfolios.
BBVA Bancomer has a 25% share of Mexico’s fund customers and has assets under management of over MXN 848m (€40.7m).
It currently offers 60 funds, of which 32 invest in fixed income and 28 in equities.