Investment policy
MERCHFONDO is a Sub-Fund of MERCHBANC SICAV and its reference currency is Euro.
The objective of the Sub-Fund is to seek long-term capital appreciation in Euro through a mix of investments consisting of equities and financial instruments. The Sub-Fund will invest with no limits in equities and fixed income securities. The eligible financial instruments are equities traded in organised markets of the OECD and/or other regulated market all over the world, government securities issued by OECD Member States and time deposits.
The Sub-Fund may deal in options and future contracts traded in OECD organised markets.
On April 16th, 2015, MERCHBANC SICAV MERCHFONDO merged with MERCHBANC SICAV GLOBAL EURO. Follow this link to view MERCHBANC SICAV GLOBAL EURO historical performance.
General information

Management fee
Management fee: 1.35% on Net Assets and 9% on Performance.
Custodian fee: 0.03% on Net Assets.
Subscription: No fee
Redemption / Switch: No fee
Total fixed expenses ratio: 1.99%
Data at close of year 2018