GVC GAESCO CROSSOVER- GLOBAL MOMENTUM EQUITY + COMODITY, CLASE A
Investment policy
The management objective is to achieve returns by combining different strategies: i) trading in equities including stocks, funds, and ETFs, ii) investment in commodities through (a) listed companies whose primary activity is related to the extraction, distribution, storage, or recycling of raw materials, and (b) UCIT investment funds that have exposure to commodities, and iii) investment in Volatility futures exclusively with the VIX (Chicago Board Options Exchange Volatility Index) as the underlying asset. The combined investment in commodities and volatility will not exceed 40%. The "Momentum" strategy is based on the continuation of existing market trends.Exposure to equities (stocks) will be up to 60% in companies primarily from OECD countries, with a bias towards the Eurozone and no sector concentration. Companies can be of low, medium, or high market capitalization.
Exposure to fixed income (bonds) will range from 0% to 40%, in public or private securities primarily issued by OECD countries, with a minimum credit quality of BBB- and an average portfolio duration of less than 5 years. Investment in deposits with credit institutions and non-traded money market instruments will be up to 20%, with the same credit rating as the fixed income investments.
Exposure to emerging markets will be up to 15%, and exposure to currency risk will be up to 100%. Investment in investment funds (IIC) will be up to 60%, including those from the Group.
The management's benchmark for fixed income investments is EURIBOR 1-week, and for equities, it's STOXX 600 NET TOTAL RETURN. For Commodities/Volatility, the benchmarks are CRB COMMODITIES 2 and S&P 500 VIX SHORT TERM FUTURES INDEX TOTAL RETURN, respectively.
Class A
FactsheetLegal documentation
Other available types
*Total return for calendar year (from January 1st to December 31st).
Legal notice: A complete report of each Investment Fund is available on the website with information concerning, among others, historical returns obtained prior to a substantial change in the investment policy of the IIC, series of annualized historical returns, detail of the risks associated with the investment in IIC, etc. Investment funds involve certain risks (market, credit, liquidity, currency, interest rate, etc.), detailed all of them in the Prospectus and in the Key Investor Information (KII) document. The nature and scope of the risks will depend on the type and particular features of the fund, the currency, and the assets in which the equity is invested. Consequently, the choice among different types of funds should be made considering the return expectations and investment time horizon as well as the willingness and ability to take risks of the investor.
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