The fund's primary objective is capital appreciation. It may invest between 0% and 100% of its assets in financial institutions that are suitable assets, harmonized or not, belonging to the Management Company's group or not. The fund may invest directly or indirectly through financial institutions in equities, fixed income, or other assets permitted by current regulations, with no predetermined exposure percentages in each asset class.
Fund Exposure
The fund has no predetermined objectives or maximum limits regarding asset distribution by type of issuer (public or private), rating of issuance/issuer, duration, market capitalization, currency, economic sector, or country. It may invest in emerging markets and have currency risk exposure up to 100% of its assets. The fund does not have a benchmark index for its management.
Risks
The fund may invest more than 35% of its assets in securities issued or guaranteed by a EU State, an Autonomous Community, a Local Entity, International Organizations of which Spain is a member, and States with solvency not lower than that of Spain. It may operate with derivatives traded on organized derivative markets for hedging and investment purposes, as well as non-traded derivatives for hedging and investment purposes. The fund may invest up to a maximum of 10% in assets that may introduce higher risk than the rest of the investments, such as liquidity, issuer type, or investor protection level.