Merchbanc SICAV Merch-Universal is a cumulative Fund and the reference currency of the Sub-Fund is Euro.
The objective of the Sub-Fund is to seek long-term capital appreciation in Euro through a mix of investments consiting of fixed income securities, equities and money market instruments. The minimum percentage in fixed income securities and liquidity will be held at approximately 40%.
The eligible financial instruments are government securities issued by OECD Member States and private issuers, time deposits, and equities traded in organised markets of the OECD, and/or other regulated markets all over the world. The Sub-Fund may purchase in options and future contracts traded in OECD organised markets.
The Sub-Fund may invest in different currencies.
Custodian fee: 0.03% on Net Assets.
Subscription: No fee
Redemption / Switch: No fee