Fund Description
The investment aims of InterMoney Tesorería F.I. are those typical of a short term fixed income Investment Fund, with the average duration of the assets in the portfolio not exceeding two years.
The investment policy pursues, in this order, the conservation and security of the Fund's assets, its liquidity, and the return of the assets that it comprises, thus making it a a very low risk fund.
The reason is that Fondo InterMoney Tesorería F.I., whilst still being an I.F (investment fund), is managed as a F.I.A.M.M. (money market assets investment fund), with growing returns over time.
Within this investment philosophy, the Fund does not include equity assets or derivatives in its portfolio, but it maintains a dynamic management, seeking investment opportunities in the area of fixed income assets, both public and private, in the euro zone.
Advantages of InterMoney Tesorería F.I.
The main advantages of the Fondo InterMoney Tesorería F.I. are:
The fund has a management fee of only 0.25%, while the large management companies are charging around 1% on these types of funds. This is because our structure (without branches) allows us to charge such low fees. Of course, there are no subscription or redemption fees.
The returns that are obtained from this fund are gains, unlike those of high yield accounts, which are yields on movable capital. Therefore, the payment of the returns may differ over time, while the shares are not redeemed. On the other hand, in the event of generating losses, these can compensate the gains obtained on other types of assets thus reducing the taxable base.
If the investment in the fund is maintained for at least one year, the returns of the fund are taxed at only 18%, instead of the marginal rate.
Depending on the tax rate, the taxed financial return is quite superior to that of the so-called "high-yield" accounts.
InterMoney Tesorería F.I. | |
| Registry number | 2.311 |
| Fund Type | INVESTMENT FUND |
| Sector | Monetary Euro |
| Geographical Area | Europe (Euro Zone) |
| Constitution date | 9th February 2001 |
| Investment aim | Conservative short term fixed income fund in euros |
| Management Entity | INTERMONEY GESTIÓN S.G.I.I.C. |
| Depositary Institution | BANCOVAL, S.A. |
Fees | |
| Management | 0.25% |
| Depositary | 0.10% |
| Subscription | Exemption |
| Redemption | Exemption |
| Minimum investment | 1 share. |
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