Fidelity and Deutsche Bank Spain launch multi asset fund for Iberia

Fidelity International and Deutsche Bank Spain have partnered to launch the Fidelity Funds Multi Asset Target Income 2024 Fund (MATI 2024), a global multi asset solution targeting Spain and Portugal.

The MATI 2024 fund, managed by Patrick Peter, will be available from 5 of April to 23 of May to Deutsche Bank Spain clients exclusively.

With a portfolio made up of some 40 positions, it will invest in currencies, properties, commodities, fixed income, equities, monetary assets, and alternatives, seeking always to preserve capital in periods of high volatility.

The fund has a temporal horizon of six years and aims at offering investors an anual dividend of 2% until maturity in 2024 and regardless any market environment (albeit this is not guaranteed).

Luis Martín-Jadraque, Deutsche Bank Spain Investments Centre director, said: “The MATI 2024 fund is fully adapted to the different market behaviours since it has an active and flexible portfolio, allowing for high profitabilities until maturity.

“This fund particularly targets those investors that – in a low interest rate environment – not only seek to preserve their capital but also obtain good profitability with reduced risk.”

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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