Mapfre Asset Management ( Mapfre AM), the asset management arm of Spanish insurance company Mapfre Group, has launched its first money market fund for both Spanish and international investors.
The Luxembourg-domiciled fund, Mapfre AM Eurocash, is designed for conservative investors seeking a safe haven with daily liquidity, diversification and stability. Its returns will be linked to the evolution of short-term interest rates in the Eurozone, shared the asset manager.
The fund positions itself as an alternative to traditional bank deposits, treasury bills and current accounts.
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The portfolio will focus on high-quality, euro-denominated fixed-income instruments, such as government and corporate debt traded on regulated markets across Organisation for Economic Co-operation and Development member states. All holdings will carry investment-grade credit ratings.
The fund’s portfolio duration will be capped at six months, with a maximum average maturity of one year.
“In an environment defined by volatility and economic uncertainty, the fund was launched to offer customers a safe and efficient way to manage their liquidity. With a focus on capital preservation and active management tailored to current market conditions, this fund reflects our dedication to providing robust financial solutions that cater to the needs of our investors in every phase of the economic cycle,” commented Álvaro Anguita, CEO of Mapfre AM.
