Description
The fund will invest between 0% and 20% in equities from EU and OECD markets and issuers, including emerging markets with any market or sectoral capitalisation.The remainder will be invested in public and/or private fixed income from EU and OECD markets and issuers, including deposits and money market instruments. A maximum of 10% may be invested in alternative-management CIIs, 15% in mortgage-covered bonds, and 10% in securitisations. The portfolio's average holding period will be 0 to 5 years. The assets will have at least average credit quality (minimum BBB-), with a maximum of 10% low credit quality (lower than BBB-). A maximum of 15% may be invested in convertible bonds, all of which may be contingent. If they have a repurchase option, this could be a share-conversion setup and a "principal write-down", i.e. where the contingency would reduce the bond's principal.Currency risk will be a maximum of 15%.Exposure to equities outside the Eurozone plus exposure to currency risk may not exceed 30%.There is no restriction on investment in other CIIs.The recommended time horizon is 3 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)THIS FUND CAN INVEST PERCENTAGE UP TO 10% IN FIXED-INCOME ISSUANCES WITH LOW CREDIT RATINGS, THIS IS, WITH HIGH CREDIT RISK.