Dunas launches its most audacious fund yet after integrating Gesnorte and aims to yield Euribor plus 6%.

Dunas Capital launches a new fund. The Spanish asset manager chaired by David Angulo announced this Wednesday the creation of Dunas Valor Audaz, a new vehicle within the Dunas Valor Range that, due to its balance of return and risk, will be positioned above Dunas Valor Flexible. It will have a target return of 12-month Euribor +600 basis points (bps) with a maximum annual volatility of 15%.

Like the rest of the products in the Dunas Valor range, the Dunas Valor Audaz fund is multi-asset and has an absolute return character , so it can invest in a multitude of assets.

This new fund strengthens the Dunas Valor range with an ideal product for clients seeking a vehicle with medium-term returns similar to or greater than those of the European stock market , with significantly lower volatility and under the capital preservation philosophy that characterizes the manager's Dunas Valor range.

The reorganization of the Dunas Valor range follows the integration of the investment fund businesses of Dunas Capital AM and Gesnorte , which has also entailed the merger of the Dunas Valor Equilibrado vehicles with Fondonorte, and of Dunas Valor Flexible with Fondonorte Global Dividendo. Furthermore, so far this year, all funds in the Dunas Valor and Gesnorte ranges have been in positive territory and clearly exceeding the objectives established for each of the funds.

David Angulo, Chairman of Dunas Capital, emphasized that "after the strong sales and management performance of the Dunas Valor range, we have decided to launch this new product at the request of our clients, offering them an alternative that offers higher profitability while maintaining highly controlled risk, managed by the same team and under the same philosophy as the rest of the range."

Alfonso Benito, CIO of Dunas Capital AM, has pointed out that "Dunas Valor Audaz will have a structure very similar to that of Dunas Valor Flexible, although it will incorporate a higher proportion of assets with a slightly higher level of risk , such as shares, high-yield bonds, subordinated bonds, hybrids, etc., but maintaining the essence of the Dunas Valor range based on capital preservation and attractive returns in the medium term without too many surprises. Like the rest of the funds in the Dunas Valor range, it will be distinguished by being multi-asset, with an absolute return focus and management based on collegial decision-making."