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Gescooperativo launches a four-year debt fund that plans to rent 10%

MADRID, 4 Dic.

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Gescooperativo launches a four-year debt fund that plans to rent 10%

MADRID, 4 Dic. (EUROPA PRESS) -

Gescooperativo, the investment arm of Caja Rural, launched this Monday a public and private fixed income fund maturing in May 2028 and which expects to obtain a return in said period of 10% on the initial investment.

The entity has detailed in a press release that the fund - called 'Rural 2028 Garantía FI' - presents an APR of 2.29% for subscriptions that remain to maturity, while the portfolio to be built will focus on Spanish public debt , although other issuers and markets in the eurozone are not ruled out.

The fund's prospectus has specified that the assets in which it invests will have, at the time of purchase, at least an average credit quality (minimum 'BBB-') or, if lower, the 'rating' of the Spanish State in each moment.

Gescooperativo manages 59 funds with a total asset that reaches 7.9 billion euros and is distributed among 340,000 participants.