Fund managers are made up of a team of expert professionals who analyse the behaviour of companies and markets, develop investment strategies and make the necessary decisions to achieve the fund's target returns. In other words, the success of an investment fund is largely reliant on the efficiency of the fund manager.
Fund managers define the investment strategy to follow, seeking out the financial assets that best reflect the needs and interests of the funds they manage. Remember, an investment fund is made up of different types of assets (securities and cash) and it is the fund manager that decides which to buy and which to dispose of.
Another of the functions of the fund manager is to provide detailed information about the investment fund to prospective and existing unit holders.
Investment managers are required to:
- Have an expert knowledge of international business and markets.
- Be able to evaluate high-level financial information.
- Make calm, rational decisions.
- Understand their customers and win their trust.
- Know how to negotiate and have a keen sense of timing.
- Have excellent oral and written communication skills.
- Have a knowledge of languages, especially if operating in international markets.
- Keep up-to-date with analytical trends and the latest developments in financial markets.
Although the choice of the fund manager is crucial when selecting a fund, the depository company is also very important because it is responsible for safeguarding, guaranteeing and monitoring the assets under management. In the case of our manager, Bankinter Asset Management, the depository of the funds is Bankinter, S.A.