The news was announced by Pedro Coelho, vice-president and executive director at the Portuguese management company, during the Iberian Property Investment Talks. According to him, this new investment vehicle launched at the end of August is also an open fund and for Square AM: «it represents a lot, not only because we are diversifying risk with new products, but also because it represents the market’s recognition, which reinforces our daily work to obtain the best results for our clients».
Its goal, assures Pedro Coelho, is to «work hard to obtain the best long-term returns and increase clients and distributors». For now, the fund has «a very limited investment capacity» as it is still «a baby which hasn’t yet started crawling». The new fund’s priority is to «focus on acquiring smaller assets, creating a diversified portfolio, with stable contracts, offering attractive returns and creating a track record right from the start».
This fund, focused on long-term investment (more than 5 years), does not have guaranteed returns or capital, but the goal is an average annual yield between 4% and 5%. Find out more about this new fund at Banco Best.