The statement said that the current range of MGA investment funds would still be retailed by all BCP branches and other sales channels with its current investment fund policies “not subject to alteration” with bank clients “continuing to be able to subscribe to and have access to information about the 18 funds in the same way as before.”
The bank also stressed that there would be no immediate change to the MGA investment, commercial or operational teams with the same investment policies also remaining in effect.
On March 31, MGA managed an asset total of €1.590 billion in funds and representing 13.2 percent of the Portuguese market share with the sale taking place for an unnamed figure.