GVC Gaesco 300 Places Worldwide, FI

Description

The Fund will invest in companies whose activities are related to Global Tourism: the kind of tourism that goes to another country different from the origin. The Fund will select companies that provide services in the 300 most visited places in the world.

Investment policy

Management draws on the performance of the STOXX Global 1800 Travel & Leisure index Usd as a benchmark, which includes 81 businesses from the leisure and tourism sector from across the world.

Exposure to equities shall be at least 85% and under normal market conditions it will reach 100%. The equities will be from business with low, medium and high capitalization. Exposure to Fixed Income shall not exceed 15%, in total, in assets from issuers belonging to OECD countries, without predefined credit quality, in national and international public debt and Fixed Income securities from private companies. The average duration of the portfolio of Fixed Income securities will be less than two years.

The risk exposure to emerging markets and foreign currency exchange may reach 100%. There are no maximum limits regarding the distribution of assets by issuer type (public or private) or by rating of issue/issuer, or duration, or market capitalization. The maximum exposure to market risk through derivatives is the amount of net value.

 

General Information
Category International Equity
Risk Profile High
Managing Company GVC Gaesco Gestión, SGIIC, SA
Custodian BNP PARIBAS
Launch Date 21/02/2014
NAV
Benchmark Index STOXX GLOBAL 1800 Travel & Leisure index USD
Currency EUR
ISIN ES0157638000
Bloomberg GVGAEASA SM
Liquidity Daily

Other classes available

Name Class ISIN Min. Investment NAV Date DFI
GVC Gaesco 300 Places Worldwide, FI P ES0157638026 500.000 EUR
GVC Gaesco 300 Places Worldwide, FI I ES0157638018 1.000.000 EUR
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