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MERCHBANC FONDTESORO SHORT TERM F.I.

Jul-24-2017
Date
-0.29%
YTD Return. 2017
1,492.341 €
Net Asset Value
5,579,097 €
Fund Net Assets
  • Portfolio composition and maturities breakdown

    As of 06-30-2017

  • Annualized Returns

  • Historical evolution

    Click on the graph and drag to select a period

Investment policy

MERCHBANC FONDTESORO is a money market fund fully invested in government issues, with the exception of the liquidity which can be invested in other money market assets.

The Fund may invest through the Futures or Spot markets for hedging. Since the Fund is invested at very short term, the Fund yield closely follows the movement of interest rates in the Spanish market.

The Fund merits the Fondtesoro label which is granted by the Spanish Treasury Department to specific funds, and therefore it must invest in Spanish Government Securities and comply with certain specific requirements.

The objective of the Fund is to seek capital appreciation and a competitive rate of return.

Investors may invest with different time horizons.

General information

Accumulative mutual fund
Base currency: 
EUR
Minimum investment: 
None
ISIN code: 
ES0162331039
Fund’s bank account number: 
ES35 0144-0001-30-0000052478
Name of account: 
MERCHBANC FONDTESORO C.P., F.I.
Constitution date: 
08-27-1990
Investment policy
Fixed income / Cash : 
100%
Equities: 
-

Management fee

Management fee: Charged on performance. 
The fee cannot be higher than 0.60% on Net Assets and 3.33% on Performance.
The management fee cannot go above 1% on Net Assets.

Custodian fee: 0.10% on Net Assets.