Madrid – April 2018.
Launched 3 years ago, Magallanes has given impressive returns of 12% in its Iberian portfolio and 10% in its European portfolio. Despite favouring financial yields over portfolio size, outrageous growth is not part of the entity’s objectives.
In line with this, Magallanes will soon launch its first social impact fund, called Magallanes Impacto, that will invest in microfinance institutions in developing countries, favouring the financial inclusion of those at the bottom of the pyramid. This fund will be advised by GAWA Capital, a pioneer Spanish social impact firm, with over EUR 53 million assets under management. Magallanes has committed to return investors’ funds if the desired social impact is not achieved.
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