Description
Equities exposure will range from 5% to 25%, mostly directly but also through CII. It may not invest in securities with low market capitalisation.There is no pre-determined maximum exposure to fixed income assets and public and private money market instruments, although there will be a 10% limit for convertible bonds. The portfolio's average holding period will be 0 to 5 years. Assets with low credit ratings (BB+ or below) shall comprise 10% at the most, while the remainder will hold average (BBB- to BBB+) and/or high (at least A) credit ratings.Exposure to non-euro zone entities, plus exposure to currency risk, shall not exceed 30%. It may invest in all global markets, including emerging markets.The recommended time horizon is 4 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.