BTG Pactual Asset Management announced the launch of the BTG Pactual GV Corporate Bonds 60/40 fund, structured and distributed in Portugal. The product is aimed at investors seeking exposure to European and Latin American corporate credit, in addition to the opportunity to participate in Portugal’s investment residency program, the Golden Visa.
The fund was developed in collaboration with IM Gestão de Ativos (IMGA), the largest independent fund manager in Portugal. The strategy includes a 60% allocation to Portuguese issuers and up to 40% to Latin American issuers, with a predominantly investment-grade/high-grade profile.
“BTG Pactual GV Corporate Bonds 60/40 combines the strength and local presence of our manager in Latin America with IMGA’s expertise in the Portuguese market, offering a differentiated solution for investors seeking security, diversification, and the advantages of the Portuguese Golden Visa,” said Rubens Henriques, CEO of BTG Pactual Asset Management.
The fund is characterized by its low duration, low issuer concentration, and full currency hedging. The minimum subscription is €100,000 in the accumulation class or €150,000 in the distribution class. Contributions are made daily, with D+6 liquidity and an annual management fee of 1.40%.
According to Portuguese legislation, the investment must be maintained for at least five years with a minimum of €100,000. Created in 2012, the Golden Visa program allows investors from outside the European Union to apply for residency permits in Portugal, extending the benefit to their immediate family members. Advantages include the possibility of obtaining European citizenship after five years, reduced minimum stay in the country, and free movement within the Schengen Area. Millenniumbcp will act as the fund’s custodian bank, and it will be distributed by IMGA with the support of BTG Pactual platforms.
BTG Pactual Asset Management manages more than BRL 490 billion in assets, with a presence in Brazil, Chile, Colombia, Mexico, the United States, and Europe. IMGA manages more than €5.6 billion in assets, specializing in mutual funds, savings, and investments.
