Santander AM boosts European equity fund
Santander AM has launched the second version of Santander Grandes Compañías 2019, whose version one was lunched at the beginning of October, the local trade press has revealed.
The fund aims at gaining returns by investing in 25 among the biggest European stocks listed on Eurostoxx50. The version one of the fund is said to have posted above €35m net inflows in October only.
Santander Grandes Compañías 2019 2 targets returns of 95% of initial NAV, plus a potential return attributable to the portfolio performance, which will be made up of the 25 top securities in the Eurostoxx50 on 19 January 2015.