Santander launches new sinking fund that yields 3.6% per annum | Funds and plans

Santander Asset Management, fund manager of the Santander group, has launched the Santander PB Target 2026 fund. The fund invests in medium-risk European public and private debt and already offers estimated net returns of 3.4% to 3.6%. APRIL. The fund’s marketing period is open until March 15.

The Target Maturity Range was launched in late 2022 to meet the needs of investors in the private banking client segment who seek higher returns by investing in more diversified portfolios that include private fixed income assets that have slightly higher risk than government debt bonds. During this period, the manager managed to collect more than 1 billion euros.

Santander AM ended 2023 with record subscriptions to Spanish investment funds with net cash inflows of €3.920 million, leading the entire asset management industry by deposits and gaining 20 basis points of market share, according to the latest data from Inverco, Inverco’s largest investment company. industry association.

In addition to the target maturity range, another focus of Santander AM is target funds that invest in government debt and offer competitive returns in the short to medium term, as well as a discretionary portfolio management service (Mi Cartera Selección), a service that was relaunched last summer and is available to all investors from 5000 euros.

Nicolás Barquero, CEO of Santander AM Spain, explains in a statement that “the current interest rate environment continues to allow the development of products with competitive returns and controlled risk.” .

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