NOVAFONDISA, FI

Investment policy
The management is benchmarked against the performance of the 1-year Euribor index (40%) for Fixed Income investments and the Ibex-35 index (60%) for Equity investments. Fixed Income: Investments in Fixed Income will primarily focus on government bonds and securities issued by highly solvent supranational entities. However, up to 50% of the Fixed Income portfolio can also be invested in high-quality private issuers. The Fixed Income assets will have a high credit quality. The average duration of the Fixed Income assets will be around 2 years and may be spread across European markets within the Eurozone as well as other international markets like the United States and Japan. Equity: Between 30% and 75% of the total portfolio, typically centered around 60%. The Equity composition will have a bias towards the Spanish stock market, which might constitute over 50% of the total Equity positions. Spanish stock market positions will predominantly be in stocks listed on the continuous market. International stock market positions will mainly focus on major European markets, as well as the stock exchanges of the United States and Japan. In any case, the fund can invest in both high and low capitalization stocks.
Category
Euro Blended Equity
Risk Profile
3
Managing Company
GVC Gaesco Gestión, SGIIC, SA
Custodian
Cecabank S.A
Launch Date
10/07/1998
Net Asset Value
13,0947 (29/02/2024)
Benchmark Index
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Currency
EUR
ISIN
ES0166453037
Bloomberg
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Liquidity
Min. Investment

*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.