GVC GAESCO RENTA FIJA FLEXIBLE, FI Clase I
Investment policy
Its source of return lies in various types of fixed income assets. It is based on active management of interest rates and credit. In addition to the traditional returns from bonds, relative value strategies, tactical bets, and active duration management are employed. Its main characteristics are as follows: It invests in both public and private fixed income without predetermined limits. The combined limit on hybrid debt, which does not imply exposure to equities, including contingent convertible bonds (CoCos) of the "principal write down" type, not convertible into shares and which are liquid, as well as subordinated or preferred debt that cannot be converted into shares and securitizations, is set at 30%. Duration range: between -5 and +10. There are no rating restrictions, allowing investment in any issuance considered interesting. The goal is to seek value, which can be found in assets that are fundamentally undervalued. Exposure to currencies other than the euro: maximum 30%. Exposure to emerging markets: maximum 30%. Up to 10% can be invested in financial collective investment institutions that are eligible assets, whether harmonized or not, belonging to the Management Company's group or not. The maximum market risk exposure through derivatives is the net asset value.Class I
FactsheetLegal documentation
*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.
The information contained on the website is for information purposes only and does not constitute an offer of products and services, nor a recommendation or offer to buy or sell securities or any other investment product, nor a contractual component. Nor does it imply legal, fiscal, or other advice and its content should not serve the user to make decisions or make investments. Investment funds can be high-risk products, not suitable for all clients. Therefore, they do not intend to persuade the user to inappropriate operations by making services or access available to operations and markets that do not match to the user’s risk profile. Past performance is no guarantee of future results. Taxation of yields obtained by unitholders shall depend on the tax legislation applicable to their personal situation and may vary in the future.
