Description
The fund will invest at least 75% of its total capital in Spanish equity securities, preferably from medium and low capitalisation companies (basically less than 3,000 million euros). There are no predetermined economic sectors in which the fund will invest.The remaining capital will be invested in fixed income assets, both public and private (including deposits, as well as unquoted money market instruments, providing they are liquid) from OECD issuers and markets. The assets will have at least medium credit quality (rating BBB-, BBB, BBB+), at least. However, up to 30% of the affected positions may remain in the portfolio in the event of sudden rating downgrades. The average duration of the fixed income portfolio will be less than 1 year.Investing in small capitalisation assets may adversely affect the liquidity of the Fund.Up to 10% of the capital may be invested in CISs.The maximum exposure to currency risk will be 30% of the total exposure. The recommended time horizon is 4 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.