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Thursday, May 23, 2024

Astrobank offers three-year bond type mutual funds

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The minimum participation amount is 20 thousand euros and the estimated annualized dividend of the new product is 3.5%

ΑμοιβαΙα κεφαλαια ομ οογικοουτοεπροσφ ;ει η Astrobank

AstroBank launches the three-year AstroBank Target Maturity Fund, with a minimum investment capital of 20 thousand euros.

This is a new Mutual Fund product Fixed-duration capital, which – according to the Bank – is aimed at investors with a medium-term time horizon, who intend to hold their investment throughout the duration of the AstroBank Target Maturity Fund 2027, seeking access to a diversified portfolio of European government and corporate bonds by having a minimum capital €20,000.

It is noted that the estimated dividend is expected to be 3.50% on an annualized basis.

The AstroBank Target Maturity Fund 2027 aims to maintain the initial capital provided non-existence of a negative credit event.

The predetermined expiry of the Mutual Fund is placed in June 2027, when it is also liquidated and the money is returned to the investors, while the deadline for participation is until 31.5.2024

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Source: www.kathimerini.com.cy

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