|PLAN DESTINATION RETIREMENT|
BBVA PLAN DESTINATION RETIREMENT, PPI
Individual Pension Plan integrated into the BBVA CIENTO VEINTE. F.P. pension fund. This Combined International Fixed-Income pension fund will invest directly or indirectly in public and private fixed and variable income securities through financial CIIs.
Variable income investments will be between 0% and 10% of the total exposure and will preferably be in medium and high capitalization securities on OECD markets. Likewise, investments may also be made on variable-income markets other than these, mainly Latin American, Asia and Emerging Europe.
The portion not invested in Variable Income will be invested in Fixed Income, which may be public or private. The issuers and/or markets for investment will belong to OECD or emerging countries. Issues will have fixed or variable interest rates. The investment in Fixed Income will include "repos", deposits, securitizations and unlisted non-monetary liquid securities. The duration, rating and maturity of the portfolio will not be predetermined.
Currency exchange risk may be up to 100% of total exposure. The currency risk associated with investing in international markets will be managed actively, and may be fully hedged.
Suitable for people with a low risk profile and/or who are closing in on retirement age.