Bankinter launches new investment fund: "Bankinter Fixed Rate Oak 2019".
With an estimated return target of 9.70% over 5 years, an AER of 1.87%.
Subscription to this 'target return' fund will be open until 20 February 2014, or until the amount committed to is reached.
Bankinter has begun marketing a new "target return" investment fund: ‘Bankinter Fixed Rate Oak 2019’, rounds out the investment product offering of Bankinter Gestión de Activos (Bankinter Asset Management) the Bank's Asset Management Agency.
e fund target is for the net asset value of the investment to appreciate by 9.70% over a period of 5 years (between 20 February 2014 and 20 February 2019), an unsecured AER 1.87%.
The fund will invest most of its assets in a portfolio of fixed-rate debt issued or guaranteed by sovereign issuers maturing within the same horizon as the fund.
"Bankinter Fixed Rate Oak 2019" is aimed at conservative clients, with a low risk-profile who wish to invest in the medium term. The fund has a minimum initial investment of 500 euros. There is also a management fee of 0.30% up to and including 20 February 2014 and 0.58% from that date, and a deposit commission of 0.10%.
The Fund also offers annual liquidity windows without cost, since the investment can be redeemed without fees and at market price on the following days: 18 March 2015, 18 March 2016, 20 March 2017 and 19 March 2018, or on the next business day.
The fund's sales period free from subscription commission will be open until 20 February 2014, or until the amount committed to is reached.