BBVA AM unveils index fund range for institutional investors

BBVA Asset Management has launched Bindex, a range of index funds dedicated to institutional investors, pension funds and discretionary portfolio management.

The Bindex fund range encompasses four index funds: Bindex Spain Index, which replicates the Ibex 35, Bindex Euro Index (Euro Stoxx 50), Bindex Europa Index (MSCI Europe) and Bindex USA Covered Index-which will be currency-hedged.

BBVA AM said the launch has arisen from the growing demand of institutional investors asking for passive management products that enable them to build their portfolios.

The range of funds will be managed through a full physical replication of their benchmarks, and their minimum subscription amount will be €10m.

BBVA AM manages more than €800m spread between ETF and index funds.

ABOUT THE AUTHOR
Eugenia Jimenez
Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as assisting with coverage of Italy. She holds a UK NCTJ- accredited Multimedia News Reporting course and studied Journalism at the University of Sevilla. She has worked for local media organisations in Sevilla and Málaga, mainly in broadcasting as a news reporter, among other roles. She has also worked for a local newspaper in Sevilla, reporting on current affairs, local government and culture.

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