GVC GAESCO VALUE MINUS GROWTH MARKET NEUTRAL, FI Clase I
Investment policy
Between 75% - 90% of the portfolio will be invested in equities from any country in the world, primarily from OECD member countries, with a minimum market capitalization at the time of purchase of 2 billion euros and categorized as "Value" according to the proprietary methodology developed by the management company. Investment will also be made in derivative financial instruments traded on organized markets for the purpose of hedging the entire long-term equity investment. These derivatives will be sold futures on the following "Growth" equity indices: Nasdaq-100; MSCI World Growth or MSCI Europe Growth. As a result, the exposure to equity will be zero and/or tend towards zero, in other words, it will be market neutral. However, the difference between the purchased "Value" equity portion and the sold "Growth" index futures portion could be + - 20%, mainly to allow flexibility in beta hedging. For the remainder of the portfolio, investment can be made in non-traded money market instruments that are liquid, with a minimum medium credit rating (at least BBB-) or the same as that of the Kingdom of Spain at any given time.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.
