Amundi Iberia has expanded its fund of funds offer with the launch of Best Manager Conservador, the conservative version of its author fund of funds Best Manager Selection.
The Best Manager Conservador will invest up to 30% in equity and the remaining part in fixed income. The fund’s exposure to non-eurozone markets will be limited to 30%.
The new fund, will a minimum entry requirement of €500, will select collective investment institutions from the main Spanish and European asset managers.
Amundi’s Best Manager Selection, managed by Víctor de la Morena, has around €70m in AUM. It is a global fund of funds that invests in a selection of the best funds of both national and global managers.