Investment opportunities in European fixed-income markets

The fund invests in fixed income securities of both public and private issuers, from OECD countries, with a minimum BBB- rating. The portfolio duration will be adjusted in line with market conditions and the management team, ranging from 0 to 3.5 years.

In addition, the fund has the ability to invest in deposits. The maximum exposure to currency risk is 5%. The management takes as a reference the performance of the Bloomberg Euro-Aggregate Goverment 1-3 and Bloomberg Euro-Aggregate Corporate 1-3 index, the weighting of which will vary according to the distribution of the portfolio at any given time. It is an active fund that is managed with reference to this index, since its objective is to beat the return/risk of the index, and it is managed with total freedom with respect to the index.