Investment policy
The fund will invest in listed companies that provide services to the global tourist, i.e. the tourist who travels to another country in their tourism activity. Companies might belong to the following sectors: airlines, hotels, airports, railways, rent a car, restaurants, booking companies, cruises, tour operators, payment companies, luxury companies, toll highway companies, or any other type of company that provides products or services to the global tourist. In the investment process we will take into the account all the companies that provide services to some or all of the 300 places in the world most visited by the global tourist. Some of these places might change over time, but most of them will remain the same. The rest of the Sub-Fund's assets will be invested in money market instruments or short term investment grade bonds with a maturity of no more than two years.
The Sub-Fund is actively managed and uses STOXX GLOBAL 1800 Travel & Leisure Index for performance comparison only
Class I-B
Risk Profile
Managing Company
GVC Gaesco Gestión, SGIIC, SA/ Waystone Management Company (Lux) S.A.
BNP Paribas
Launch Date
Benchmark Index
STOXX GLOBAL 1800 TRAVEL & Leisure index
Management Fee
Min. Investment
1 € institucional
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.

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.