MAPFRE AM Launches Its First Money Market Fund for Spanish and International Customers

MAPFRE AM, the asset management arm of the MAPFRE Group, will begin marketing its first money market fund today. The fund returns will be tied to the evolution of short-term interest rates in the Eurozone. With the six-month Euribor rate at around 2%, the fund, MAPFRE AM EUROCASH, presents itself as an alternative to traditional bank deposits, treasury bills, and current accounts, offering daily liquidity, diversification, and security.

The Luxembourg-domiciled fund carries a risk rating of 1 out of 7, which is the lowest possible rating under CNMV criteria. It will invest in euro-denominated fixed-income instruments, including government and corporate debt securities traded on regulated markets in OECD member states, all with investment-grade credit ratings (the highest quality awarded by rating agencies).

The portfolio’s duration will not exceed six months, with a maximum average maturity of one year.

“In an environment defined by volatility and economic uncertainty, MAPFRE AM EUROCASH was launched to offer customers a safe and efficient way to manage their liquidity. With a focus on capital preservation and active management tailored to current market conditions, this fund reflects our dedication to providing robust financial solutions that cater to the needs of our investors in every phase of the economic cycle,” highlights Álvaro Anguita, CEO of MAPFRE AM.

With this launch, MAPFRE is strengthening its fixed income offerings by providing solutions tailored to the needs and investment horizons of retail and institutional customers. Earlier this year, the firm streamlined its lineup of fixed-income products by merging two long-standing funds—Fondmapfre Renta Corto FI and Fondmapfre Fondtesoro Plus FI—into a new vehicle, Fondmapfre Ahorro FI, which now manages more than €240 million in assets.

MAPFRE AM, the asset manager of the MAPFRE Group, closed the first half of the year with €39.67 billion in assets under management, consolidating its position as the largest non-bank asset manager in Spain. MAPFRE Inversión, the parent company of MAPFRE AM, recorded a profit of €25.95 million, 19.4% higher than the previous year, marking the highest figure for that period.