MERCH-FONTEMAR is a Sub-Fund of MERCHBANC SICAV and its reference currency is Euro.
The objective of the Sub-Fund is to seek medium-term capital appreciation in Euro through a mix of investments consisting of fixed income securities, equities and money market instruments. The eligible financial instruments are government securities issued by OECD Member States and fixed income securities issued by private issuers, time deposits, and equities traded in organised markets of the OECD, and/or other regulated markets all over the world.
The minimum percentage in fixed income securities and liquidity will be held at approximately 75%.
The Sub-Fund may invest in different currencies and may purchase options and future contracts traded in OECD organised markets.
Management fee: 1.50% on Net Assets
Custodian fee: 0.03% on Net Assets
Subscription: no fee
Redemption / Switch: no fee
Total fixed expenses ratio: 3.07%
Data at close of year 2016