Description
The fund invests in the bonds of public and private issuers, denominated in euros.The portfolio's duration shall respond to market conditions and the management team's view of the market: it may vary between 3 and 12 years.The distribution of maturities in the portfolio will be actively managed.The geographic and sector distribution, degree of subordination and selection of issuers will also be managed actively.Up to 30% of the fund may be invested in high yield assets; i.e. bonds with ratings below “investment grade".Exposure to currency risk may be up to 10%.The recommended time horizon is 4 years.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)