Spanish asset manager Fidentiis Gestión has launched the Luxembourg-domiciled European Financial Opportunities, a sub-fund which is part of the firm’s Luxembourg Sicav.
The new fund will invest mainly in European financial sector companies, both banks and insurance firms, through equity and fixed income instruments.
The fund has been approved by the Luxembourg’s market regulator CSSF and will start operating from March 1. The subscription process will start from February 15.
The new vehicle will offer two types of shares: one aimed to retail investors, with a management fee 1.75% per annum and a minimum investment of €1,000; and another for institutional investors, with a commission of 1.25% and a minimum investment of €150,000.