Description
70% of the total exposure will be invested in government debt in euros, in any of its forms. 70% of the equity will be invested in government debt in euros, in any of its forms, including bonds issued by the FTPymes that have the State endorsement, bonds issued by the FTVPO that have the endorsement of the ICO, issuances of the Fund for Orderly Bank Restructuring (FROB), the issuances of the Electricity Deficit Amortiasation Fund (FADE), the Debt issued directly by the ICO and the credits of the Fund to Finance Payment to Suppliers when they are converted into bonds, up to the limit of 30% of the equity.The average duration of the portfolio will be greater than 12 months, with a maximum of 10 years.A maximum of 30% of the total exposure may be invested in other fixed income securities other than Public Debt traded on a regulated market and which have a credit rating not lower than that of the Kingdom of Spain issued or endorsed by a credit rating agency, as well as in deposits in credit institutions that have this minimum rating and in money market instruments, (including unlisted liquid ones) that meet this requirement, all of them in euros.The recommended time horizon is 18 months.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.