Description
The fund invests in both public and private fixed-income issuances, irrespective of whether traded on OECD markets, including emerging markets: it may invest in high yield issuances.There is no predetermined percentage, or maximum or minimum limit, on economic sectors, types of issuers, rating, etc. A maximum of 30 % will be invested in convertible bonds.The portfolio's duration shall respond to market conditions and the management team's view of the market: it may vary between 3 and 15 years.Duration and credit risk will both be managed very flexibly: equities may account for up to 15% at certain times.Exposure to non-euro currencies may reach 100%.The recommended time horizon is 4 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)