Description
It invests directly, or indirectly through CISs, between 70% and 90% of its total exposure in public and private fixed income assets (including deposits, and listed and unlisted money market instruments, providing they are liquid). The credit quality of the issuances will be medium (minimum BBB-), at least. It may invest up to 20% of its total exposure in low quality fixed income (below BBB-). The average duration of the fixed income portfolio will be between 1.5 and 5.5 years.The rest of the exposure will be invested mainly, directly or through CISs, in equity securities of countries belonging to the euro area, up to a maximum of 30%, although under normal market conditions this will be 15%, with no pre-established capitalisation requirements. The sum of investments in equity securities issued by entities outside the euro area, plus exposure to currency risk, will not exceed 30%.Up to 30% of the equity may be invested in CISs.The securities in which the fund invests will be from organised markets that function regularly and issuers belonging to the OECD.The recommended time horizon is 18 months.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 20% OF ITS CAPITAL IN LOW CREDIT QUALITY FIXED INCOME ISSUANCES, I.E. WITH HIGH CREDIT RISK.