March A.M. launches March Tesorero F.I., a fixed income fund for investors looking to avoid the cost of liquidity
20 September 2021 Category: Products
In keeping with March A.M.'s investment philosophy, this new fund offers a combination of value creation and asset preservation.
- March Tesorero F.I. is the perfect solution for customers with significant cash holdings in current accounts who want to preserve their capital and generate additional returns whilst maintaining full access to their money.
- The fund's objective is to preserve the value of the investment whilst maximising returns within the risk framework of the assets in which it invests.
- The fund offers daily liquidity and invests 100% of its assets in fixed income assets, including corporate and government bonds, geared primarily towards European issuers and markets. Its objective is to preserve capital and the average portfolio duration is one year or less.
March A.M. has added to its range of solutions for customers with the launch of March Tesorero F.I., a short-term fixed income fund which seeks to preserve the value of the investment whilst generating an additional return. This new product is the perfect solution for customers with significant cash holdings in current accounts who want to generate returns without losing access to the capital invested.
In keeping with March A.M.'s investment philosophy, this new fund offers a combination of value creation and asset preservation. March Tesorero F.I. is designed for customers who want to offset the substantial cost of holding cash whilst maintaining full access to their money. The fund offers daily liquidity and invests 100% of its assets in corporate and government fixed income, including listed and unlisted liquid money market instruments and deposits. The issuers and markets selected are largely European, and to a lesser degree from other OECD markets. Up to 10% of the portfolio can be invested in emerging markets, with currency risk of up to 10% of total exposure. As regards the credit ratings of the bond issuers or the financial institutions with which deposits are held, 50% or less of total portfolio exposure may be low-rated (under BBB-) or even unrated; the remainder must have a rating of at least BBB-.
Investors also have access to different share classes with different minimum investments, offering advantageous conditions to investors who take larger positions in the fund.
Francisco Javier Escribano, Managing Director of March A.M., said: “At March A.M. we work hard to design the best solutions tailored to each investor profile.” “March Tesorero F.I. is a further testament to our ability to adapt to the specific needs of investors who want to preserve capital, with an optimal balance between prudence and returns, in line with Banca March's philosophy of long-term value creation.”