Description
It invests in public and private fixed income securities of issuers from OECD and non-OECD countries, and may invest in securities from emerging countries without a predetermined limit. No minimum rating will be required for the issues in which it invests, and it may invest in high yield fixed income securities, normally issued by entities with a low credit rating (below BBB-). There are no limits to currency risk exposure. It can invest without limit in CIIs that are eligible assets, whether harmonised or not.The duration of the portfolio will be adjusted according to the situation or market vision of the management team and may vary between the short and long term, with a maximum of 9 years.The management takes as a benchmark the performance of the ICE BofAML US Large Cap Corporate & Govt Index (B0AL) at 45%, the ICE BofAML Global Broad Market Index (GBMI) at 40%, the ICE BofAML Emerging Markets External Sovereign Index (EMGB) at 10% and the ICE BofAML Euro Currency Overnight Deposit Offered Rate Index (LEC0) at 5%.This fund is advised by Amundi Asset Management.The recommended time horizon is 5 years.You can view the complete investment policy in the prospectus and Key Investor Information Document (KIID) which are available together with the rest of the legal information on the website www.caixabank.es, in the CNMV’s registers and at www.cnmv.es.THIS FUND MAY INVEST 100% IN LOW CREDIT QUALITY ISSUES SO IT HAS A VERY HIGH CREDIT RISK.