FUNDOS DE INVESTIMENTO

An investment fund is a financial product composed by dozens of securities from several entities, such as shares, bonds and other assets, which allows to distribute the risk. The management of the fund is made by professionals of a management company and must be considered as a long term investment. This product does not hold guarantee of profitability or of the invested capital.

• Professional management by a management company;
• Investing from low amounts;
• Diversifying and diluting risk;
• Allows investing in markets of difficult access;
• Liquidity and transparency, with daily quote of the NAV;
• Exposure to sectors and geographies.

Investment funds should be seen as long-term investment products.

There are 3 deadlines, in which the different type of funds fit in:

• Short-term (1 to 2 years): Suitable for funds composed by liquidity;
• Mid-term (3 to 4 years): Suitable for funds composed by bonds and multiassets;
• Long-term (over 4 years): Suitable for share funds and PPR funds.

The sale operation of an Investment Fund, of which you are a part of, is called Redemption.This operation can be done at any time for open Investment Funds. For closed Investment Funds, the Redemption can only occur during a fixed period of time. Redemption Orders are not immediate, there is a period of time between the given Redemption Order and the effective deposit of the amount in the Current Account. This is called Settlement. You can see the number of days you will have to wait for the establishment of a Redemption Order in a specific Fund by consulting its Detail in "Transaction Rules".

Investing in Investment Funds has associated risks that you must consider and consult beforehand. Because this is a product without guaranteed capital, whose Net Asset Value varies throughout time, there is no certainty about the return of your investment. This could be positive, null or negative. The profitability presented by the Investment Funds are a part of the past and are not guarantees of future profitability. The currency-exchange factor is another risk that must be considered, once there are Funds in several currencies such as Euro, Dollar, Pound, among others. The relation between the Fund's currency and Euro is an important factor that must be considered when investing. All the assets in the Fund, such as Stocks and Bonds, have an impact on the Fund's value. So, analysing the allocation, geography and sectors is important in order to understand in what way some events can impact the Investment Fund.

There are funds whose minimum investment value is €1 and don’t have a maximum one. There’s no amount set that you should invest, and you should never use all your money. You must consider factors such as, the amount available you can risk, how much you can dispense or the amount you can give up for a period of time.

You can invest at any time in your life. Time is an important factor for investments so, the sooner you start, the more time you’ll have to invest.