Independent research · Portugal Funds by Nomera Capital
Explore Portugal Funds, our proprietary database connecting Portuguese funds, managers, underlying exposures, fees and source documents. Compare the evidence, discover portfolio insights and form your own conclusions — across the full market, including Golden Visa-classified funds.
No commissions from funds. No commercial incentive to favour one fund or manager. The evidence is yours to assess.
Portugal Funds · Market snapshot
Different fund structures. Different portfolios. Different ways to exit. Start with the market, then compare the investment behind each fund.
Snapshot published 10 Nov 2026Golden Visa fund universe
Active + new launches · top-level funds
Current Golden Visa programme classification. Registration status and fund structure do not confirm that subscriptions are open; check current terms before investing.
Golden Visa · Open-ended
Oct 2026 · €1.8B · 25 funds / compartments
Fund size means net asset value (NAV). Confirmed EUR monthly reports only; compartments replace umbrella totals to avoid double counting. Coverage can change between months. The chart is not investment performance.
| Month | Combined size | Funds / compartments |
|---|---|---|
| Nov 2025 | €1.27B | 15 |
| Dec 2025 | €1.34B | 16 |
| Jan 2026 | €1.42B | 18 |
| Feb 2026 | €1.53B | 18 |
| Mar 2026 | €1.54B | 19 |
| Apr 2026 | €1.63B | 20 |
| May 2026 | €1.66B | 20 |
| Jun 2026 | €1.69B | 20 |
| Jul 2026 | €1.72B | 20 |
| Aug 2026 | €1.78B | 20 |
| Sep 2026 | €1.83B | 25 |
| Oct 2026 | €1.8B | 25 |
Portugal Funds research. GV fund counts cover active funds and new launches; manager coverage spans the wider market. Capital is reported net asset value and can include non-Golden Visa investors.
Explore the data & methodology →From exploring to deciding
Start with a question. Follow the evidence.
See how fund charges and residency-related costs affect your plan. Compare the return needed to cover costs over different horizons.
Build your cost scenarioLook beyond the headline return. Compare portfolios, costs, management decisions and historical risk in our IMGA vs Optimize research.
Compare the evidenceUnderstand redemption terms, portfolio liquidity and the effect of several funds selling the same shares. Explore our fund-level liquidity rating.
Understand your exitUnderstand public and private markets, fund structures, risks and how the investment works.
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Search the free fund directory →Portugal Funds · Self-service research
Move from a shortlist to the evidence. Portugal Funds connects fund portfolios, underlying exposures, fees, manager information and source documents in one independent research workspace.
Search by investor-access requirements. Find funds that accept US persons, support jumbo accounts or report Shariah compliance. Review the conditions and supporting documents for each fund and share class, and confirm current terms with the fund provider.
Portugal Funds now has its own public website for platform details, current plans and access options. View plans and pricing. Review the plans before continuing to the app; consultancy is optional.
Institutional access for fund managers and service providers
Fund profile, fee ranges, reported size and historical manager scores.
Example screens captured in October 2026. Figures and features shown are illustrative, not live data or investment recommendations.
Portugal Funds research
Portugal Funds connects Nomera Capital’s proprietary fund database with independent research across open-ended and closed-ended funds. We receive no commissions from funds and have no commercial incentive to favour a fund or manager.
Follow the instruments, companies and activities behind a fund, including hospitality, collectibles and digital assets.
Explore fund exposuresOur proprietary model examines whether measured historical portfolio decisions improved subsequent returns.
Read the model methodologyOur proprietary model examines whether measured historical decisions reduced subsequent peak-to-trough losses.
Understand the assessmentExplore holdings, allocations, portfolio overlap and changes, alongside fund size and estimated net flows.
Explore market insightsConnect manager profiles, financial information, teams and managed funds. Keep company analysis separate from fund-level decision scores.
Explore manager research questionsSearch for funds that accept US persons, support jumbo accounts or report Shariah compliance. Compare fees and class-specific conditions, with Self-Directed IRA information where available.
Understand terms and feesStock Picking Ability and Downside Protection are experimental historical assessments at fund level, not forecasts or capital guarantees. Read results with their dates and methodology.
Choose your path
Explore the evidence yourself, work with Nomera Capital on fund research, or engage Pares Advogados for legal advice. Choose either service or both; each provider has its own scope and terms.
Nomera Capital
Our proprietary database, source documents and analytical tools. Research independently, at your own pace.
Comparative analysis, document review and explanations, with six months of Portugal Funds app subscription included.
Pares Advogados
Legal assessment, documentation, applications and ongoing legal support within your agreed engagement.
Portugal Funds remains available independently. Guided Fund Research and legal support each start with a discovery call; neither is required for a self-service subscription.
View the full service scopesResearch guides
Our guides explain the data and terms used to compare funds. Follow the evidence and form your own conclusions.
Understand how Portugal Golden Visa funds invest, generate returns and charge fees. Explore risks, liquidity and questions to ask before comparing funds.
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Distinguish distributions, estimated remaining value and cash-flow timing when comparing private equity performance at fund and investor level.
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A practical framework for comparing underlying exposures, fees, liquidity, manager information and subscription conditions across Portuguese funds.
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Organise a factual conversation about the portfolio, fees, responsibilities, manager financial information, performance and investor access.
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Follow the connection between a fund’s reported holdings and its economic exposure, including hospitality, collectibles and digital assets.
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Explore how subscription charges, fee bases, hurdle accrual and waterfall definitions interact in hypothetical investor cash flows.
Read the guideGolden Visa context
Do you want to diversify your portfolio into Europe and the euro? Looking for a flexible Plan B that lets you invest, live, or retire in Portugal — without relocating? Portugal Golden Visa is your smarter way to invest and stay connected to Europe’s future.
Read more
Portugal’s economy grew 2.4% year-on-year and 0.8% quarter-on-quarter in Q3 2025 — the fastest in the Eurozone. Driven by strong domestic demand and resilient investment, this performance highlights Portugal’s stability and solid fundamentals, reinforcing its appeal as a safe, growth-oriented destination for Golden Visa investors.
Read moreExplore Portugal Funds, independent fund research, optional support and the Golden Visa fund route.
Connect fund and manager data, exposures, fees and source documents in our proprietary database. Subscribe and research independently. Guided Fund Research is optional support; legal advice is provided separately by Pares Advogados.
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"From the USA to Portugal, the journey to obtain the Golden Visa seemed overwhelming. Yet, the team's professionalism, clarity, and support made all the difference. Their detailed advice and the wealth of information they provided were beyond expectations. They've been instrumental in our successful application, demonstrating their commitment to excellence at every turn."
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"As someone from Turkey looking to invest in Portugal for the Golden Visa, the challenges seemed daunting at first. However, the professional and personalized service provided by the team turned it into an achievable dream. Their thorough understanding of the investment landscape and the Golden Visa requirements was remarkable. They are true experts in their field."
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