IM Gestão de Ativos (IMGA)
IMGA Ações Portugal Fund is an open-ended alternative investment fund regulated by CMVM (ID: 184) and managed by IM Gestão de Ativos (IMGA), investing in other with a minimum commitment of €500.
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Golden Visa note: The fund is marked as Golden Visa intended and has passed Movingto verification. Eligibility still depends on the applicant file and current legal review.
Capital at risk. Past performance isn't indicative of future returns. This is not investment advice.
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IMGA Ações Portugal is a long-established equity fund focused exclusively on companies listed on the Portuguese stock market. Active since 1995 and managed by IM Gestão de Ativos, the fund seeks to grow your investment over time by holding a variety of Portuguese stocks, with daily updates on value, no fees for joining or leaving, and a strong history of performance over many years.
IMGA Ações Portugal is one of Portugal’s most established and recognizable equity funds, operating since 1995 and managed by IM Gestão de Ativos. The fund is labeled as an SFDR Article 8 product and mainly invests in stocks of companies listed in Portugal, aiming for steady long-term growth through careful management. It offers daily NAV updates, capitalization of returns, and three categories for different investor types (A, R, and P), all sharing the same performance history. With over €410M in assets under management (as of 31 October 2025), the strategy has delivered strong multi-year results, including 32% over 1 year and 15% annualized across 3- and 5-year horizons. The fund carries a risk level of 5 (ISR) and is suitable for non-professional and professional investors willing to tolerate short-term volatility for the potential of long-term equity growth. With no subscription or redemption fees, a 2.175% management fee, and a recommended investment horizon of at least three years, IMGA Ações Portugal provides a transparent, liquid, and historically resilient way to access the performance of Portugal’s equity market.
We source from CMVM-regulated managers where applicable. Verify each fund's registration and GV suitability with counsel.
Information as reported by fund manager. Terms may vary by investor class.
Settlement of redemptions occurs up to the 4th business day after request (T+4).
Redemption terms may vary by investor class. Verify details with the fund manager.
Always confirm regulatory details with the fund manager and legal counsel before investing.
1 team member
Team members are employed by the fund manager, not Movingto. Profiles listed for directory comparison.
Experienced equity professionals with deep knowledge of Portuguese capital markets, fundamental analysis expertise, and long-term track record in...
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Disclaimer: This enquiry does not constitute investment advice or a commitment to invest. All investments carry risk. Past performance does not guarantee future results.
Investment in funds involves risks, including the possible loss of principal. Please read all fund documentation carefully before making any investment decisions. Past performance is not indicative of future results.
Managed by
Min Investment
€500
Target Return
20% p.a.
Project potential returns based on your investment parameters
Display returns after disclosed management and performance fees
Fund minimum: €500
Typical holding period
Fund target: 20% p.a.
Investment Risk Disclosure: These projections are for illustrative purposes only and do not guarantee future performance. Past performance is not indicative of future results. All investments carry risk, including potential loss of principal. Consult with a qualified financial advisor before making investment decisions.
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Compare IMGA Ações Portugal Fund with similar investment funds to analyze performance, fees, and investment requirements.
The fund aims to grow capital over the long term by investing in Portuguese listed companies, capturing the performance of the national equity market through active management.
Instead of picking individual stocks, investors get a professionally managed, diversified portfolio that adjusts to market conditions. IMGA handles the research, rebalancing, and risk management.
No. The fund does not follow a benchmark and has full freedom to select positions, although the portfolio naturally overlaps with major Portuguese names due to market structure.
Allocation typically leans toward dominant players in financials, utilities, energy, retail, telecom, and industrials—sectors that anchor the Portuguese economy.
The fund usually holds a focused selection of 15–25 listed companies, allowing it to express strong convictions rather than diluting exposure across too many holdings.
It fits investors with a tolerance for equity volatility, a long-term horizon of at least 3 years, and an interest in the performance of the Portuguese stock market.
The fund carries an ISR (summary risk indicator) of 4 out of 7, meaning moderate-to-high risk, typical for an equity fund exposed to market fluctuations.
The fund charges 2.175% per year for management and 0.075% per year for depositary services. There are no subscription or redemption fees.
Yes. As an equity fund, its value can rise or fall depending on the performance of Portuguese companies and broader market conditions. Past performance doesn’t guarantee future returns.
The fund is open-ended, with daily NAV calculations and redemptions typically available until the fourth business day after the request.
The fund offers several classes — A, R, P, and I — all sharing the same performance history but differing in investor eligibility and fee structures.
Yes. Classified as SFDR Article 8, the fund promotes environmental and social characteristics, integrating sustainability considerations into its investment decisions.
From 01-01-2023 to 06-12-2025, the accumulated return is 54.34%, based on the Category A unit price, reflecting strong equity market growth during the period.
The fund follows a capitalization policy, meaning all earnings are automatically reinvested back into the fund to enhance long-term growth.
IMGA provides monthly summaries, annual reports, semi-annual reports, sustainability documents, and legal disclosures directly on its website, all available to investors for transparency.
The profile lists CMVM ID 184. The listed custodian is Caixa Geral de Depósitos (CGD). Investors should verify current registry status and documents before subscribing.
The profile marks this fund as Golden Visa intended. Eligibility must still be confirmed against current law, fund documents, and the applicant's own legal file.
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