Description
The management objective is to replicate the Standard & Poor's 500 Hedged Euro index, to which end general diversification limits may be exceeded.The portfolio structure will reflect the composition of the index, in order to achieve similar returns to the index replicated. The maximum deviation must be less than 5%.The fund will invest directly in the securities, or baskets of securities, included in the index, based on efficiency criteria, and choosing the approach that is most economically advantageous. Exposure to equities will be higher than 90%.Currency risk arising from exposure to currencies other than the euro, basically the US dollar, will be hedged. Maximum exposure to currency risk shall not exceed 10%.The recommended time horizon is 5 years.The full content of the investment policy can be found in the prospectus and in the key investor information document (KIID) available on the website www.caixabank.es, along with all other legal documentation, and on file with the CNMV (www.cnmv.es)