Bankia merges EM equity funds
Bankia Fondos has merged its international Emerging Markets equity fund range into one single fund, according to the Spanish trade press.
Bankia BRICT and Bankia Bolsa Latinoamericana will be available to investors through Bankia Emergentes, according to the Comisión Nacional del Mercado de Valores (CNMV)’s approval.
The new fund will be managed by César Gil, who is part of Bankia’s fofs team led by Álvaro Martín Sauto.
The fund will have AUM of €24.6m, according to Morningstar.
In the picture,, José Ignacio Goirigolzarri, president of Bankia