The management takeover as a reference the behaviour of the Euro index Stoxx 50, S&P 500 for the exhibition to equities and London Interbank Bid Rate for the exhibition to fixed-income. The weighting of each one of these indexes will vary according to the breakdown of portfolio of investment at all times.
The fund will have more than 75% of the total exposure in equities, without there is an identification established beforehand of percentages of distribution for assets, nor when it comes to market capitalisation, currencies, or countries, will be made up of securities issued by companies of great solvency and negotiated in markets of the OCDE, mostly large businesses, without rejecting medians and small anyone that it is the economic sector to that which belong. Criteria for selecting of the companies will be based on fundamental analysis, investing in anyone who offer great revaluation expectations (will mostly be of great capitalisation). You will be able to have until 50% of exhibition in emerging country' equities.
The rest of the exhibition on active service will be of fixed-income, money markets, including demand deposits. There is no predetermination with regard to issuers (public or private), countries, rating, nor on the duration of the assets of fixed-income that at all times form the portfolio.

Net asset value to 22/05/13:

87.508

Minimum starting investment:

100

Maintain:

0

Guarantee maturity date:

Period of subscription:

a