Mapfre Asset Management initiates Eurocash Money Market Fund
Mapfre Asset Management Launches First Money Market Fund
Mapfre Asset Management, part of the Spanish insurance company Mapfre Group, has entered the money market fund arena with the launch of its new fund, Mapfre AM Eurocash. The announcement was officially made in June 2023.
The fund, domiciled in Luxembourg, is designed for conservative investors seeking a safe haven with daily liquidity, diversification, and stability. The fund's portfolio duration is capped at six months, and the maximum average maturity is one year.
The portfolio of Mapfre AM Eurocash will primarily consist of high-quality, euro-denominated fixed-income instruments. These instruments include government and corporate debt traded on regulated markets across OECD member states. All holdings in the fund's portfolio will have investment-grade credit ratings, ensuring a robust and secure investment.
Álvaro Anguita, CEO of Mapfre AM, commented that the fund was launched to offer customers a safe and efficient way to manage their liquidity. The fund's strategy focuses on capital preservation and active management tailored to current market conditions.
Mapfre AM Eurocash positions itself as an alternative to traditional bank deposits, treasury bills, and current accounts. It is open to both Spanish and international investors, making it accessible to a wide range of potential investors.
The returns of Mapfre AM Eurocash will be linked to the evolution of short-term interest rates in the Eurozone. The fund's launch is aimed at providing robust financial solutions that cater to the needs of investors in every phase of the economic cycle.
It's important to note that the Mapfre fund selector's backing of industrials amid Trump tariffs is not a fact about Mapfre AM Eurocash. Similarly, the statement "Blue-collar America is back" is a separate opinion expressed by a Mapfre fund selector, not related to Mapfre AM Eurocash.
In conclusion, Mapfre AM Eurocash offers a compelling option for investors seeking a secure and liquid investment in the money market. With its focus on high-quality fixed-income instruments and investment-grade credit ratings, it promises to deliver a stable return while maintaining the liquidity and diversification that investors demand.
