Description
The management objective is to provide the unit holder with the maximum diversification without a predetermined sectorial and geographical area, through an International Mixed Fixed Income approach. It will invest at least 50% of the assets through financial CISs, using a traditional or alternative management approach.It will invest between zero and 30% of the exposure in equities (under normal conditions this will be 20%) without any predetermined percentage distribution by country, issuer, market, market capitalisation or economic sector. Investment in emerging equities and emerging fixed income will not exceed 20%.The rest will be invested in public/private fixed income (including deposits, money market instruments), with at least a medium quality rating (minimum BBB-) on the purchase date and up to 20% in low quality (lower than BBB-). The average duration of the fixed income portfolio will not exceed 3 years.The sum of investments in equity securities issued by entities outside the Eurozone, plus exposure to currency risk, will not exceed 30%.Investing in small capitalisation assets may adversely affect the liquidity of the fund. The recommended time horizon is 5 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 20% OF ITS CAPITAL IN LOW CREDIT QUALITY FIXED INCOME ISSUANCES, THEREFORE, IT HAS A VERY HIGH CREDIT RISK.