AstroBank has announced a new Mutual Fund product designed to capitalize on the current bond yield environment.

The product, AstroBank Target Maturity Fund 2027, is a 3-year fund aimed at investors with a medium-term time horizon who intend to hold their investment for the entire product duration. It seeks to provide access to a diversified portfolio of European government and corporate bonds.

The minimum capital requirement is €20,000, with an estimated annual dividend of 3.50%.

The fund has a predetermined maturity in June 2027, at which point it will be liquidated, and the proceeds will be returned to investors. The deadline for participation is May 31, 2024.