Danish Jyske Invest gets distribution approval for the Spanish market
Danish asset manager Jyske Invest has received the approval to market its mutual funds in the Spanish market.
The Silkeborg-based company has entered into a cooperation agreement with Allfunds Bank to enable Spain’s distributors and clients to access its funds through the platform.
“The reason behind our registration in Spain is that we are interested in expanding the distribution of our fund throughout Europe. Our presence in Spain will be secondary in the sense that we will not have an office in Spain, but will have a Spanish focus from our sales force located in Denmark,” a spokesperson for the company said.
Three funds are specifically marketed on the Spanish market: Jyske Invest Favourite Equities; Jyske Invest Stable Strategy Fund and Jyske Invest Emerging Local Market Bonds.
Jyske Invest is one of the largest players in the Danish mutual fund market. Jyske Invest International offers 15 equity funds, 11 bond funds and 8 strategy funds and it has €5.4bn assets under management.
Jyske Invest International is licensed to promote and sell its units 11 European countries: France, Germany, Gibraltar, Luxembourg, Norway, Spain, Switzerland, the Netherlands and the UK.