Spain: MAPFRE closes three-year 3% guaranteed mutual fund

MAPFRE Compromiso Santiario, an investment fund created by the fund manager of Spanish insurance group MAPFRE to assist in the fight against Covid-19, has raised €50m (US$54m) and is now closed to new investment. It was launched at the end of April. Huge support for the fund is not a huge surprise. The fund’s underlying…

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