Description
The objective of the investment policy is to provide the unit holder with the maximum diversification without a predetermined sectorial and geographical area, via a global investment approach. The fund invests at least 50% of its assets in other CISs.It will invest, directly or indirectly through CISs, between 0% and 100% of the total exposure in equities, although under normal market conditions the exposure in equities will be around 75%. The rest of the total exposure will, directly or indirectly, be reached through CISs, in fixed income, including deposits, and listed and unlisted money market instruments, providing they are liquid. There is no predetermined type of issuer, country (including emerging), rating of the issuances, currency, average duration of the fixed income portfolio, market capitalisation or economic sector. Investing in low credit quality fixed income and investment in small capitalisation equity securities may adversely affect the liquidity of the fund. The fund's investment strategy involves a high portfolio turnover. This can increase its expenses and affect returns. The recommended time horizon is 3 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 100% OF ITS CAPITAL IN LOW CREDIT QUALITY FIXED INCOME ISSUANCES, THEREFORE, IT HAS A VERY HIGH CREDIT RISK.