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ABOUT FEATURED FUNDS
Featured funds have been selected based on arrangement data from 01/01/21 to 30/06/21. Source: in-house.
What is an investment fund?
An investment fund is an investment instrument formed by the equity of many private investors, in which investment decisions are made by a managing entity, which holds the representation and administration of the investment fund, as it lacks legal personality.
Characteristics of investment funds
The management company carries out management and risk control on a daily basis, issuing a periodic management report. For their part, the depository entities and the auditors control the management work of the fund management company.
A large team of professionals makes the appropriate decisions in line with the investment policy of each fund, following the established risk criteria. Our highly qualified managing entity is Santander Asset Management.
Investment funds allow access to a diversified portfolio, being able to mitigate the risk of concentration in geographies, sectors or currencies.
From the beginning, you will have all the necessary information included in the fund's documentation: the Fundamental Information document for the investor, the information on costs and expenses and the rest of the legal information on the fund. There you will find all the data to understand where you will invest your assets.
The liquidity of our funds allows you to have the amount you need available almost immediately. In our blog we explain the difference between an investment fund and a pension plan.
These are the special cases of liquidity:
- If you have retired.
- If you suffer a total, absolute permanent disability and high disability.
- If you pass away.
- If you have severe dependency or high dependency.
- If you or an immediate relative suffers a serious illness.
- If you are long-term unemployed.
- If you are affected by COVID-19.
If you are a natural person and resident for tax purposes in Spain, you can transfer your investment from one fund to another with no obligation to pay personal income tax (IRPF)1, at the time of handover. You will only pay taxes when you reimburse your shares, allowing you to plan taxation and the ideal time to materialize all or part of the capital gains. In addition, if you postpone taxation through transfers, you will have the possibility of achieving a higher profitability of your investments due to the multiplier effect of the capitalization of the possible returns of your investments.
Risks of Investment funds
Due to the quality of the assets in which it invests, as well as its issuers, this is the risk that the issuer will not be able to meet the payments.
The securities may be listed below the price we have paid for them. In this regard, the investments may be affected by:
- Interest rate risk: interest rate fluctuations affect the price of fixed-income assets. The sensitivity to this risk depends on the duration of these assets.
- Foreign exchange risk: fluctuation of the exchange value in the case of assets denominated in currencies other than the reference currency of the participation.
- Market risk due to investing in equities: derived from variations in the price of equity assets.
- Risk from investing in emerging markets: political changes or economic circumstances can affect the value of investments.
- Geographical or sectoral concentration risk: the concentration of our investment in the same area or sector increases market risk.
FROM INVESTING IN DERIVATIVE FINANCIAL INSTRUMENTS
Investing in derivatives (futures, options, etc.) may incorporate higher risk given the nature of these products.
The risk that no counterparty is found in the market and, therefore, a product cannot be sold.
These risks correspond to environmental, social or governmental events or conditions. The sustainability risk of the investments will depend, among others, on the type of issuer, the sector of activity and its geographical location.
For more detailed information on the risks of investment funds, refer to the fund Prospectus and its Key Investor Information document.
1. Applicable for individuals residing in Spain.
The risks inherent to the investment funds in which it is invested at all times through the portfolio management service must be taken into account.
The performance of investment funds depends on fluctuations in market prices and other variables. Therefore, the value of investments may rise or fall, making it impossible to guarantee the return of the capital invested. Past performance is not a reliable indicator of future performance.
Investment funds involve certain risks (market, credit, liquidity, exchange rate, interest rate, etc.), all of which are outlined in the prospectus and the key investor information document (KIID). The nature and scope of the risks will depend on the type of fund, on its individual characteristics, on the currency and on the assets in which its equity is invested.
As a result, the choice between the various types of funds must be made taking into account the investor's desire and capacity for assuming risk, along with their return expectations and investment time horizon. Before subscribing to units of a fund, the investor must consult the information contained in the fund's prospectus and KIID. Both documents are available to investors in our branches and at the National Securities Market Commission (CNMV).
The taxation of returns obtained by participants will depend on the tax legislation applicable to their personal situation and may vary in the future.
Management Company: SANTANDER ASSET MANAGEMENT, S.A., S.G.I.I.C., registered in the CNMV under number 12. Depositary Institution: CACEIS BANK SPAIN, S.A., registered in the CNMV under number 238. Marketing Company: BANCO SANTANDER, S.A., registered in the CNMV under number 49.
This information is for advertising purposes and is disseminated exclusively for informational purposes. Its content does not constitute the basis of any contract or commitment, nor should it be considered as an investment recommendation or advice of any kind.
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