Bankinter launches a new mutual fund: ‘Bankinter Bolsa Europea 2025 Garantizado’
With capital guarantee and additional returns linked to the performance of the European equities index, EURO STOXX Price.
This fund, with a term of 7 years and 10 months, may be subscribed without fees until 7 July 2017.
Bankinter has begun to market a new mutual fund, Bankinter Bolsa Europea 2025 Garantizado, FI, which completes the range of investment products offered by its fund management company, Bankinter Gestión de Activos.
With a term of 7 years and 10 months, this fund guarantees 100% of the capital initially invested (the unit value as of 7 July 2017), plus additional returns of up to 45%, based on point-by-point variations in the EURO STOXX 50 Price Index during this period.
The Bankinter Bolsa Europea 2025 Garantizado, FI fund has a minimum initial subscription amount of 500 euros. Furthermore, the fund’s management fee is 0% until 7 July 2017, and 0.42% thereafter until maturity. Its depositary fee is 0.10%.
The subscription period for this fund (with no subscription fee) is until 7 July 2017, or until the committed amount has been reached. Its maturity date is 30 April 2025.
The Bankinter Bolsa Europea 2025 Garantizado, FI fund is open to investors who wish to hold on to their investments in the medium and long term and are interested in using their initial guaranteed capital investment to earn potential returns from the robust index that is the EURO STOXX 50 Price. The fund also has monthly exit windows at no additional cost, even though it is guaranteed to maturity. Therefore, investors may redeem units without fees and at the market price on the eighth day of every month (or on the following business day, where necessary), from 8 August 2017 until 8 August 2025 (both inclusive).