|LAUNCHING DATE:||December 1, 2010|
|MANAGER:||Quirón Asset Management S.A.|
|CUSTODIAN:||Banco Comafi S.A|
|AUDITOR:||Deloitte & Co. S.A.|
To provide in the medium term a return higher than the 30 day fixed term rate of private banks (BADLAR) with a 4-working day liquidity.
The assets under management follow regulations specifically oriented to provide financing to medium sized enterprises. The universe of financial instruments includes both fixed and variable income: shares, corporate bonds, financial trusts, deferred-date checks.
By 75% of the portfolio is the minimum limit of investment in the mentioned instruments (specifically issued by small and medium sized companies (PYME) or companies with a low capitalization) established by the legal framework. Being the pyme instrument par excellence the Deferred-date Check, which operates as a residual element for the fulfillment of the regulatory limits, according to the low offer of long duration assets that still persist.
In this type of funds, reaching the adequate level of diversification is the priority. The greatest risk we observe is the adequate selection, to this effect, our strategy consists in investing in the largest quantity of possible instruments with the lowest possible percentage of exposure.