Cartera Naranja 90 FI is an international equity fund of funds that aims to replicate the performance of the MSCI All Countries World Index. The portfolio primarily consists of approximately 90% invested in global equities through top-tier international investment institutions, with up to 25% allocated to emerging markets. The remaining 10% is managed flexibly by the fund manager, typically held in gold or cash. The fund focuses on a diverse range of sectors and markets, predominantly within OECD countries, while allowing for occasional geographic or sector concentrations to optimize performance.