Bankinter's birthday fund raised EUR500m


Spain's Bankinter has raised EUR500m over four issues of BK Gran Reserva 40 Aniversario guaranteed capital fund. The five-year product, linked to three baskets of funds, was first launched in April to celebrate the bank's 40th birthday. The three baskets contain the same combination of eight Bankinter funds in different weightings. It offers a minimum 100% capital return at maturity and 100% of the best-performing basket's growth.

Mariano Arenillas, fund director at Bankinter in Madrid, says the

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