Description
Exposure to private fixed income will be at least 75%, and it may invest the rest in securities issued by an OECD member state. The target duration of the fixed income portfolio may range from 0 months to 6 years. Currency exposure will be less than 10%. It may invest from 0% to 100% in other financial CIIs that are eligible assets, whether harmonised or not.A maximum of 20% of the assets may have low credit quality (BB+ or lower) and the rest with medium or higher credit quality (minimum BBB-).The management takes as a benchmark the performance of the ICE BofA Merrill Lynch Euro Large Caps (ERL0) at 90% and BofA Merrill Lynch Euro Currency Overnight Deposit Offered Rate Index (LEC0) at 10%.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 20% IN LOW CREDIT QUALITY FIXED-INCOME ISSUES, I.E. WITH HIGH CREDIT RISK.