GVC Gaesco Renta Valor is intended for investors with a moderate-low risk profile, seeking to obtain regular returns. Ideal for savers investing in deposits and who, due to the new limitation imposed by the Bank of Spain in relation to the returns of deposits and the counterparty risks they entail, are looking for alternatives. They may also benefit from the tax efficiency of Investment Funds.
The Fund may invest in all types of financial assets that pay coupons, dividends or incomes, preferably higher rates.
There will be no rating restrictions; the fund is able to invest in any issue deemed interesting. The objective is to find value in assets which according to their fundamentals are undervalued.
There are two different kinds, with different ISIN codes: one for accumulation and another for distribution. Two net asset values.
The accumulation class, as its name suggests, does not distribute dividends, incomes or coupons. Profitability is collected in the Fund, reflected in the net asset value.
Still, it considers the possibility that the participant can choose, at the time of subscription, to receive a quarterly payment of 1% (4% nominal) as redemption, using one of the following two ways:
The distribution class, as its name implies, pays dividends on a quarterly basis, with a value equal to the amount of profit generated in the period, measured in excess of the net asset value over 101. If no returns have been generated, the fund does not distribute dividends. In this case, 100% of the amount distributed as a "dividend" will be attributed as Capital Investments.
The Fund's portfolio will be optimized for an investor in the short and medium term.
The benchmark is 15% MSCI Europe High Dividend Yield Index + 85% 1-year Euribor 100 bp.
|Category||Joint Euro Bond|
|Managing Company||GVC Gaesco Gestión SGIICs, SA|
|Custodian||Banc de Sabadell, SA|
|Benchmark Index||15% MSCI Europe High Dividend Yield Index 85% 1-year Euribor 100bp|