Arquigest launches first equity fund
Spain’s Arquigest, Arquia’s asset management branch, has launched Arquiuno Bolsa, its first equity fund investing in the eurozone.
The fund is Arquigest’s fourth product, following the launch of two balanced funds and a fixed income fund, according to the Comision Nacional del Mercado de Valores (CNMV).
The Arquiuno Bolsa will invest three quarters of its exposure in equities, 60% of which will be in eurozone’s equities. According to the CNMV, the fund will be able to invest in North-American equities as well as up to 10% of the whole portfolio in emerging markets.
The fund set a 10% limit for investments through funds, both in-house and third-party’s. The remaining of the exposure will be in European fixed income, private fixed income issued in euros for developed market companies, deposits and monetary funds.
Arquigest will apply a 1.8% fee for managing the fund as well as one of 0.2% for entry.