
The fund nvests
between 30%
and 75% in Spanish equities, seeking undervalued companies with high
long-term upside, with the remainder in short-term fixed income issued by the
government (Spanish T-Bills). The allocation to equities can change depending
on the opportunities that arise in the Spanish stock market.

The equity part of the fund comprises international and Spanish
equities as determined by our fund managers. This currently stands at 70%/30%.
Appropriate for investors
wishing to invest in spanish equities whose retirement is still relatively far
off (over three years).