This fund invests 100% of total exposure in mainly private and minority public fixed income, including deposits, listed or unlisted, liquid money market instruments and up to 25% in subordinated debt (claims on common creditors).
Issuers/markets will be OECD (excluding emerging markets) with at least medium credit quality (minimum BBB-) or that of the Kingdom of Spain if lower, and up to 10% in low quality (below BBB-) or unrated. In the event of subsequent downgrades, the assets may be held in the portfolio.
The portfolio will be purchased on a spot basis and the assets are expected to be held until the maturity of the strategy, and there may be changes in the issues due to management criteria.
Average initial portfolio duration of less than two years (21 months) and decreasing as the time horizon approaches (December 2025). Maximum exposure to currency risk of 10%.
*DISCLAIMER. The fund returns and the initial investment are not ensured, the investor could obtain losses. The scheduled payments are redemptions from the client’s investment, they do not match with the fund returns. The fund could also obtain losses even though the investor would receive the scheduled payments.
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C/ Príncipe de Vergara 36, 6º dcha
Tel: +34 91 577 49 31
Firm registered with the CNMV
Founded in 1987, Gesconsult is an asset management firm of collective investment institutions (SGIIC) registered with the National Securities Market Commission (CNMV).
We invest in companies we know in depth to obtain the highest return by prioritizing capital preservation and risk management.
Legal notice: All returns are expressed in net terms, after expenses and fees. Past performance is not indicative of future performance. All returns referring to periods longer than one year are annualised. You can contact us through the website or by sending an email to email@example.com. Source: Gesconsult SGIIC.