Investing in Investment Mutual Funds
Its purpose is to maximize performance of a portfolio made up of short-term Peso-denominated fixed income instruments, by focusing on capital preservation and 24-hour liquidity with a low volatility. This fund is an ideal vehicle for managing the institutional investor’s short-term liquidity. This Fund allocates all its resources to short- and medium-term instruments, prioritizing investments in securities issued by the Central Bank of the Argentine Republic (BCRA), by the City of Buenos Aires and of the Province of Buenos Aires; securities pledge agreements; deferred payment checks; short-term corporate bonds; senior-tranche financial trusts; and synthetic transactions, which are transactions using different kinds of assets, “synthesizing” a fixed interest rate placement in only one of them.Link to last monthly report of the Fund Management Regulations
Classification: Fixed income
Risk on Capital: Limited
Investment Horizon: Short term
Currency: Argentine Pesos (AR$)
Liquidity: T+1 (24 business hours
Creation date: 18 June 1997
Front-end / back-end expenses: None
Minimum holding term: 10 days
Rating: Aa-bf.ar (Moody´s)
Management Company’s fees: 1,82%
Depository Company: 0,18%
Bloomberg code: TAVELMX
Reuters code: LP65067373
Subscriptions until 3:00 p.m.
Redemptions until 5:00 p.m.
Managing Agents of Collective Investment Products - Investment Mutual Funds: Tavelli y Cía S.A.
Depository Company: Banco de Valores S.A