IM Gestão de Ativos (IMGA) has launched two Iberia-focused funds aimed at both risk averse and risk seeking retail investors.
The IMGA Iberia Equities fund invests in the shares of Portuguese and Spanish listed firms, or in the shares of firms who generate the bulk of their revenue in these two markets. According to IMGA, Spain and Portugal offer good investment opportunities, and at attractive valuation levels, after being “excessively” penalized recently.
The fund is comprised of a minimum of 85% equities, which makes the IMGA Iberia Equities fund an investment solution for risk tolerant investors.
The recommended investment timeframe to stay invested in the fund is five years and the minimum subscription is €500, with monthly subscriptions available of €50.
The IMGA Iberia Fixed Income is another new offer from the Portuguese asset manager and is aimed at risk averse investors who are seeking investment security and accept more moderate potential returns, but also seek greater returns than those offered by simple term deposits.
The fund is mainly allocated to the Iberian bond and credit risk markets. The main asset class of the IMGA Iberia Fixed Income is a bond assortment of various risk and subordination profiles, and thus, with different levels of return.
Equities are not contemplated as an investment asset class, and in order to mitigate peripheral country risk, the fund may purchase German debt or debt of similar risk notation.
The recommended investment timeframe to stay invested in the fund is a minimum of 18 months and the minimum subscription amount is €500, with monthly subscriptions available of €50.