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Spanish Private Bank Launches Investment Plan

Paul Das

14 February 2005

Santander Banca Privada, the private banking division of Spanish bank Santander Central Hispano, has launched a new unit-linked investment plan called Cartera Seleccion Valores. The fund is actively managed and does not track indices. Santander Banca Privada initially aims to manage €100 million ($128.6 million) in client funds through the new product. The minimum initial investment is €100,000.