Merch-Universal FI

Merch-Universal FI is a mixed international equity fund that actively manages a diversified portfolio primarily composed of large-cap companies across various sectors, typically allocating between 30% and 60% to equities. The remaining investments are in high-quality public and private fixed income securities, including up to 10% in deposits, without a set average duration. The fund invests mainly in OECD countries, with up to half of its portfolio in emerging markets, and ensures high credit standards by selecting assets rated at least as highly as Spain’s current rating. Additionally, it may allocate up to 5% of its assets to other financial investment funds and uses only listed derivatives from organized markets to support its investment strategy.