Welcome to CaixaBank Asset Management. Users of this website are informed that the merger by absorption of Bankia Fondos SGIIC SAU by CaixaBank Asset Management SGIIC SAU has taken place, with the latter succeeding the former, universally, in all of its rights and obligations. This section of questions and answers will allow you to obtain more information about the integration process and about the funds previously managed from Bankia Fondos.
Information on the CaixaBank Asset Management and Bankia Fondos integration process
The merger of these fund managers does not imply any change to the investment objectives of the fund or its investment policy. It will not affect the capital invested, the fees and commissions established or the returns obtained to date, preserving the purchase date of the shares for tax purposes.
As usual, in the event that your fund undergoes any type of modification, it will be duly informed as required by the regulations of Collective Investment Institutions, this being duly notified by an explanatory letter of the changes that are foreseen in the fund. You will be granted the possibility of redeeming your shares, within the legally established period, without any penalty if the modifications carried out so require.
The investment team comprises professionals with extensive experience in the markets who manage a wide range of investment solutions.
Following the merger, it is CaixaBank Asset Management, S.G.I.I.C., S.A.U.
The merger involved the absorption of BANKIA FONDOS SOCIEDAD GESTORA DE INSTITUCIONES DE INVERSION COLECTIVA S.A.U. (the absorbed company) by CAIXABANK ASSET MANAGEMENT SOCIEDAD GESTORA DE INSTITUCIONES DE INVERSION COLECTIVA S.A.U. (the absorbing company), with the winding up of the absorbed company and transfer of all its assets to the absorbing company en bloc. CaixaBank Asset Management, S.G.I.I.C., S.A.U. replaces Bankia Fondos, S.G.I.I.C., S.A.U. in all the commitments it had previously assumed, as the universal successor of all the rights and obligations of Bankia Fondos, S.G.I.I.C., S.A.U.
CaixaBank Asset Management: The leading fund manager in Spain by capital and investors, with more than 73,500 million euros under management and a market share for mutual funds in Spain of 24.96% (Source Inverco: May 2021).
CaixaBank Asset Management manages the discretionary management portfolios of the CaixaBank Group by delegation, as well as other investment solutions domiciled in Luxembourg.
CaixaBank Asset Management has two subsidiaries, in Portugal and Luxembourg, BPI Gestão de Ativos and CaixaBank Asset Management Luxembourg, respectively.
has a presence in Madrid and Barcelona, Lisbon and Oporto in Portugal (through BPI Gestão de Activos) and Luxembourg, through which it offers investment vehicles in different territories that provide solutions for the needs of its investors.
CaixaBank Asset Management is a leading fund manager for quality, having obtained the UNE ISO 9001:2015 Certificate in 2018. This endorses its quality management processes for the management and administration of mutual funds and SICAVs, and for discretionary portfolio management.
Being part of the CaixaBank Group makes us committed to our environment. CaixaBank Asset Management has subscribed to the UN Principles of Responsible Investment (UNPRI) since 2016, incorporating into its investment management the social, environmental and good governance aspects established by the United Nations. This commitment is also reflected in the sustainable finance certification granted by AENOR for asset management in 2021.
You can also find information on your funds at www.bankia.es until November 2021
There are a number of aspects to consider in the integration process:
1. Changes to the names of the funds
In the fund names, the identity 'Bankia' will be replaced by CaixaBank (for example, Bankia Bonos Duración Flexible, FI will be renamed CaixaBank Bonos Duración Flexible, FI).The names of nine Bankia funds which were the same as, or similar to, the names of CaixaBank funds will change to 'CaixaBank Bankia' on a temporary basis, to aid identification. These funds are:
CaixaBank Bankia Dividendo Europa, FI; CaixaBank Bankia Futuro Sostenible, FI; CaixaBank Bankia Mixto Futuro Sostenible, FI; CaixaBank Bankia Bolsa Española, FI; CaixaBank Bankia Index España, FI; CaixaBank Bankia Index Eurozona, FI; CaixaBank Bankia Megatendencias, FI; CaixaBank Bankia Bolsa USA, FI; CaixaBank Bankia Renta Fija Corporativa, FI.
2. Fund depository:
There is not change to the depository of the funds, CECABANK, S.A.
3. Information on my funds:
You will continue to receive the same information to monitor your investments, but with the corporate identity of the CaixaBank Group, until the technological integration of both entities, which is expected in November. As of that date, the documents available will be the same as those you currently receive, but using the CaixaBank Group's formats and models. In other words:
- Position statement: every month if there have been any movements, and at 31 December, at least, if not.
- Regular financial reporting: regular reports for the first and second halves of the year.
- Annual report: once a year, in May.
- Tax information for the year: in March.
From July, the commercial files for the funds will be available on the CaixaBank Asset Management website (www.caixabankassetmanagement.com), adapted to the new entity in terms of content and format.
- CaixaBank Asset Management SGIIC, S.A.U. works with CaixaBank's Customer Service function, which is responsible for dealing with and resolving complaints and claims from its customers and customers of Group companies.
- Customers can submit their claims to the Customer Service function: by post, to Calle Pintor Sorolla 2-4, 46002, Valencia; by email, to firstname.lastname@example.org; using the form on the website www.caixabank.es; or at any CaixaBank branch.
- Customer Service must resolve claims within two months. under its operating regulations. If you disagree with the resolution or if this period elapses with no reply, you can submit your claims to the supervisors' complaints service.
We want to remain very close to our customers. If you have any queries about mutual funds and discretionary management portfolios, contact your commercial manager as usual, who will submit your query to CaixaBank Asset Management.