Secured Bond Fund acquires secured bonds privately issued and notarised in Spain (which have the potential to yield the desired return averaging 10% per annum.
Such bonds shall be collateralised by different underlying securities; namely, different real estate situated in prime locations. The value of the real estate security in terms of the value of the bonds shall be of a minimum of 2:1.
The Fund elects to distribute dividend, so any capital appreciation on the Fund’s shares or possibility to invest into further issues shall be reduced byu the amount of dividend distributed.
The base currency of the Fund is EUR.