Caixabank Monetario Rendimiento Premium FI
ISIN ES0138045028 / Valor null
Caixabank Monetario Rendimiento Premium FI
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Caixabank Monetario Rendimiento FI aims to preserve capital while delivering a return in line with euro money market rates, using as a broad reference a mix of the ICE BofA Euro Currency 3-Month Deposit Offered Rate Constant Maturity Index and the Overnight Deposit Offered Rate Index. In practice, it invests mainly in money market instruments and bank deposits, and it may also hold securitisations and asset-backed securities or notes, whether or not they trade on organised markets. The portfolio can also take meaningful exposure to short-term instruments issued or guaranteed by euro-area sovereigns such as Italy, France, Spain, Belgium, the Netherlands, Germany and Portugal, as well as certain supranational bodies. The management approach appears to be conservative and liquidity-focused: the fund keeps a very short profile, with a weighted average maturity of six months or less, a weighted average life of 12 months or less, and minimum portions maturing daily and weekly. That suggests a process centered on selecting short-dated, euro-denominated instruments that balance income, principal stability and ready liquidity.
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