Fund Description
ETCHEVERRIA GALLAECIA, F.I. is configured as a mixed Investment Fund, which will maintain positions in listed Equity or Fixed Income assets, with the latter not normally being more than 70% of the Fund's assets and with it thus being configured as a mixed Equity Fund. This will not affect the possibility that these positions may vary with respect to the characteristic limits of this category according to the criteria and expectations of the management based on market conditions.
The fixed income will be from public and private issuers of recognised solvency and a high credit quality. The minimum rating of the the portfolio's fixed income issuers will be A, with it being possible to invest up to 25% of the fixed income portfolio in assets issued by issuers rated BBB (or equivalent).
The fixed income securities will be in euros and issued by Institutions or companies from countries that belong to the European Monetary Union.
The duration of the fixed income portfolio will be two years.
In equity, the Fund will primarily invest in assets listed in national markets, although it will be open to investment in other markets authorised by the CNMV, with the greater proportion being in countries of the European Monetary Union.
The Fund's investments are subject to the limits set in the Collective Investment Schemes Regulations.
The Fund will be able to perform transactions with financial derivative instruments with the aim of hedging and investment in order to manage the portfolio more effectively including the management aimed at achieving a specific target return.
back to Etcheverría Gallaecia, F.I.