Description
The Fund invests more than 50% of its assets in CISs, mainly distributed. Under normal conditions, the investment in CISs will be around 75%. It may have an exposure, either directly or indirectly, in equity assets (any area or sector), currencies, fixed income; as well as other financial assets whose return is linked to: volatility and variance, financial indices, country inflation, interest rates, exchange rates and currency. There will be no predetermination either in terms of the type of asset, or in the portfolio distribution percentage according to capitalisation, issuers/markets (public/private), currencies, duration, rating, and may have up to 100% in low-quality assets (including not rated), economic sector, countries, and the entire portfolio may be invested in a geographic area (including emerging countries). Investing in low credit quality fixed income and investment in small capitalisation equity securities may adversely affect the liquidity of the Fund. Under normal conditions, the total exposure to equities, directly or indirectly through CISs, will be 20% (and may range from 0% to 30%). The recommended time horizon is 2 years.The full investment policy and other legal information can be found in the prospectus and in the key investor information document (KIID), which are available on the website www.caixabank.es, in the CNMV registry and on www.cnmv.es.THIS FUND CAN INVEST 100% OF ITS CAPITAL IN LOW CREDIT QUALITY FIXED INCOME ISSUANCES, THEREFORE, IT HAS A VERY HIGH CREDIT RISK.