NBCH Group leverages Nuevo Chaco Fondos for FAL management

The NBCH Group is utilizing its subsidiary, Nuevo Chaco Fondos, to manage the Labor Assistance Fund (FAL) for companies and SMEs across Argentina, effective December 1. Nuevo Chaco Fondos is the only proprietary fund management company in the Northeast Argentina (NEA) region.

The firm currently manages assets totaling 120,000 million pesos (approximately USD 80 million) across six different funds. Its performance includes a Money Market Fund ranked 4th out of 51 nationally with a 24% TNA, and an Open Savings Fund ranked 4th out of 66 with a 32% TNA. Additionally, its Dollar Fixed Income Fund ranks among the top 15 of 35 funds in its segment.