Description
Fixed-income exposure ranges between 20%-100% and could be public and/or private, including deposits and money market instruments not traded on organised markets. A maximum of 25% may be invested in convertible bonds, which may consist entirely of contingent convertible bonds. Up to 30% of the assets may be rated as low credit quality (BB+ or lower), with the rest being of medium quality (between BBB- and BBB+) and/or high grade (at least A-). Duration will range from negative 5 years to 10 years.
Exposure to equities will fall between 0%-60%, with no limits on market cap or sectors. Investment may be made in all global markets, with a maximum of 50% in emerging markets. There is no limit on currency risk exposure.
A maximum of 10% can be invested in listed real estate investment trusts (REITs) and 20% in commodities, directly or indirectly through CII.
It is a Fund of Funds, so the investment in funds will be at least 50%.
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 30% IN FIXED-INCOME ISSUANCES WITH LOW CREDIT RATINGS, THIS IS, WITH HIGH CREDIT RISK.