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Andbank relaunches its SIGMA-Short Mid Term (€) fund for conservative customers

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Andbank relaunches its SIGMA-Short Mid Term (€) fund for conservative customers

Andorra, September 30th, 2019. Andbank Group refreshes its investment proposal by relaunching its SIGMA-Short Mid Term (€) fund. This is a short-term fixed income fund which, through a new strategic focus and new competitive commission structure, enhances its conservative character and is ideal for customers who want to diversify their portfolios and, above all, optimise […]

Andorra, September 30th, 2019. Andbank Group refreshes its investment proposal by relaunching its SIGMA-Short Mid Term (€) fund. This is a short-term fixed income fund which, through a new strategic focus and new competitive commission structure, enhances its conservative character and is ideal for customers who want to diversify their portfolios and, above all, optimise liquidity.

Based in Luxembourg, the SIGMA-Short Mid Term (€) fund bases its new policy on investment in public and private debt issues and a high level of diversification in both assets and also sectors and ratings. The main objective is to keep volatility low, through active management of the duration and credit risks.

This focus puts its expected return at around 0% in a very complex interest rate environment: a higher-than-projected performance in money market funds, which could have negative returns in 2020 due to the actions of the Central European Bank, which lowered the deposit facility rate to 0.5% at its last meeting.

To make it even more competitive, Andbank has also reduced the fund’s commissions to achieve an efficient cost structure, so its management commission is now 0.20% and the depositary fee 0.03%.

For José Caturla, Director of Global Asset Management in Andbank Group, “This fund represents a great opportunity to invest in fixed income assets with a conservative profile, especially customers with large amounts of cash, as keeping them in an account does not currently generate any income”.

The SIGMA-Short Mid Term (€) fund can be subscribed with a minimum investment of one share in retail class and one million euros in institutional class. Andbank also markets other funds that are very popular on the market, from its investment hub in Luxembourg, such as Class P SIGMA-IH Balanced, awarded 4 stars by Morningstar.