
The management takeover as a reference the behaviour of the IBEX 35 index for the exhibition to equities and LIBID Overnight Euro Currency or daily type of the British Bankers Association (LOEC) for the exhibition to fixed-income. The fund will invest at least 75% of the total exposure in equities preferably in Spanish issuers that they quote in Spanish markets or in other OECD country markets, investing mostly in securities of the IBEX with the intention of that the fund extent a similar return to that one of the index indexed and at least it will be 60% of the total exposure in equities issued by based companies in the eurozone.
The rest of the exhibition will be invested in public and private fixed-interest financial securities of the OCDE, including demand deposits, as well as in unquoted money-market instruments, that they are liquid. Issuances at least will have middling quality (minimum rating BBB -).In the event of supervened reductions of rating, affected positions will be able to remain in portfolio until 100%. For issuances that are not qualified will be attended to the rating of the issuer. The average duration of the portfolio of fixed-income will be lower than a year.