Description
It invests in short-term public and private fixed income assets of issuers in the euro area or other OECD countries. Maximum currency risk exposure of 10%.The average duration of the portfolio will be equal to or less than one year. The assets in which the fund invests will have a minimum credit rating of BBB- at the time of purchase.The management takes as a benchmark the performance of the ICE BofA 1-3 Year Euro Large Cap Corporate Index (ERL1) 35%, at ICE BofA Euro Currency 1-Month Deposit Offered Rate Constant Maturity Index (LEC1) en un 15% at the ESTR Compouded Index (ESTCINDX) 50%.The recommended time horizon is 1 year.