Description
Standard Monetary Fund with variable net asset value.It invests in money market instruments. The portfolio’s weighted average maturity is equal to or less than 6 months. It has no exposure to currencies other than the euro.The management takes as a benchmark the performance of the ICE BofA Euro Currency 3-Month Deposit Offered Rate Constant Maturity Index (LEC3) index at 85% and the ICE BofA Euro Currency Overnight Deposit Offered Rate Index (LEC0) at another 15%.The recommended time horizon is 6 months.This money market fund is not a guaranteed investment. It is also an investment other than a deposit. In particular there is a risk of fluctuation in the amount invested and the risk of loss of this amount is borne by the investor.Assets are valued daily at market prices, where this is not possible, either because there are no market references or because they are not of sufficient quality, the asset will be valued using internal models (theoretical price) audited by recognized specialists, by updating the outstanding flows of the issue plus a risk premium obtained from a comparable issue among other factors. Finally, it should be noted that this fund does not depend on external support to ensure its liquidity or stabilise the net asset value of the unit.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)