Santander AM launches mixed funds in Spain
Santander Asset Management has launched a range of mixed funds in Spain, composed of three different risk profiles, according to a filing to the Spanish regulator CNMV.
The new range, called Santander Generacion, features three funds which will mostly invest in European fixed income and equities, but also in other developed markets, without ruling out emerging markets, the filing shows.
The fund Santander Generacion 1 will invest between 80% and 90% of its assets in fixed income and from 10% to 20% in equities.
As for Santander Generacion 2, the strategy will be exposed at 60% to 80% to fixed income and from 20% to 40% will be allocated to equities, while Santander Generacion 3 will invest from 30% to 50% of its assets in equity and between 50% to 70% in equities.
Early this month, it emerged that Santander Asset Management made two new appointments to expand its selection team.
Last month, Wee-Tsen Lee joined Santander from Barclays Wealth to be responsible for manager selection global & US equities. In addition, Pryesh Emrith was promoted within Santander in March, to be in charge of US & global fixed income and multi-asset.
The two new appointments are based in the group’s London headquarters and work for the Research and Selection team led by José María Martinez-Sanjuán, whose team has assets under influence of €48bn.