Kutxabank launches a new fund that invests in Spanish fixed income and with a return of 2.47% APR

Kutxabank has put a new investment fund on the market with a return objective, called 'Kutxabank RF Horizonte 20 FI', which invests in Spanish fixed income, as detailed in a statement.

The entity has stressed that the new financial product contemplates a target return of 2.47% APR on the initial investment, as long as the investment is maintained for approximately 11 months, since its maturity has been set on May 31, 2024 .

Kutxabank RF Horizonte 20 FI will invest 100% of its assets in Spanish public debt and the new fund keeps the portfolio structure stable until maturity.

The bank has highlighted that, with this launch, it continues in 2023 to expand its range of horizon funds, which are being “well received” by the market.

As indicated, thanks to this level of acceptance, Kutxabank Gestión has remained in the first quarter of the year as the manager among the top five whose equity in investment funds has grown the most in the market.