MyInvestor Value will start trading in the next few days. It will be based on a 9% success fee.

MyInvestor Value will start trading in the next few days.  It will be based on a 9% success fee.

MyInvestor Value will start trading in the next few days. It will be based on a 9% success fee.

Carlos Val-Carreres.

Carlos Val-Carreres, the star signing of MyInvestor, already has his new fund enabled value and in the next few days the neobank will begin to market it. Focused on the international stock market, its main novelty is that, Until it reaches 20 million euros of assets, it will not charge any management fee.

A month ago the great virtues of the fund slipped: philosophy in value (value investing) but with a close structural approximation to the economy, with new trends such as digitization or electrification; a focus global and with some commissions “one of the lowest in the market in active management”.

All that brings it together MyInvestorValueas it has been baptized by the neo-investment bank owned by Andbank, El Corte Inglés Seguros, AXA and other institutional investors.

The share class scheme consists of several phases. The fund will begin to market a class A that, until reaching 20 million, will have a free management fee and only 9% for success. Once this amount has been reached, it will market a class B with 0.9% management and 9% on results for the next 20 million.

Initially, the minimum initial investment will be one euro. Once you reach 20 million in A, you can only subscribe with tickets of five million euros. Upon reaching 20 million in B, it can only be contracted with tickets one million, according to its brochure.

“The spirit of this structure is to let the first 20 million enter with 0% to democratize the investment and offer a product value of quality with the lowest commissions in Spain”, they defend from the entity.

MyInvestor, 1,400 million business

MyInvestor Value uses a watermark model to calculate the management fee on annual results, with the crystallization date being December 31. In the event that three years pass without the management company having received a success fee, a new water mark will be set in year four.

Val-Carreres has an extensive career behind him, in firms such as Ibercaja, Lierde Sicav (where he co-managed part of the fortune of Cesar Alierta)or Singular Bank. He tried to set up this same project with True Value, but their paths parted at the first opportunity due to commercial incompatibilities.

MyInvestor, which has just celebrated its fourth anniversary with more than 70,000 clients and €1.4 billion of turnover, it is your new home.

Adminartua

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