2Q 2021

BPI Iberia invests in listed Portuguese and Spanish shares or equity linked instruments.

The fund aims to beat the benchmark* over a reasonable time frame through an active management approach.

* Benchmark: 20%PSI20 TR + 80% IBEX35 TR

BPI Africa is an Equity fund that invests in companies with significant operations located in Africa, without any country or sector restrictions.

The fund aims to provide the investor with direct access to markets with high growth potential and that are not directly reachable, in the African continent.

BPI Brasil is a long only Fund that invests in listed Brazilian equities and fixed income.

The fund aims to provide the investor with direct access to a market with high growth potential and offer a sustainable return over a reasonable time frame through an active management approach.

BPI Opportunities invests in global stocks, focused on large capitalization companies in developed markets, characterized by
high and consistent return on capital and low leverage.

BPI Alternative Fund is a long/short equity fund that invests in listed Portuguese and Spanish shares or equity linked instruments.