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.
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.
|Managing Company||GVC Gaesco Gestión, SGIIC, SA|
|Benchmark Index||STOXX GLOBAL 1800 Travel & Leisure index USD|