Madrid-based Intermoney Gestión has expanded its funds range with the launch of a global multi-assets strategy that follows a flexible investment philosophy, FundsPeople revealed.
Avance Multiactivos, registered early this month on the Spanish regulator CNMV, will invest from 0 to 80% in equities according to the fund's prospectus. However, " under normal market conditions, the Fund's exposure to equities will be of 50% while allocation to the fixed income universe will be made keeping a balance between both top-down and bottom-up approaches".
Intermoney Gestión, set up in 2001, currently has two funds ranges and a list of 54,000 third party funds from 587 different asset managers. The first fund range is formed by four strategies including the firm's euro-denominated equity strategy Intermoney Variable Euro as well as the Intermoney Gestión Flexible Fund. The Imdi range, launched in 2017, has four different profiled compartments divided according to their risk profile and diversified both by geography and by asset class.