Esther Álvarez has more than 20 years of experience in financial services and manages strategies at Mutuactivos, where she joined in 1986. She has performed several roles within the last 20 years, joining the asset management arm in 2000. She studied several courses about Finance, Business, Economic Analysis and Accountancy.
The Fund invests at least 50% of the total exposure in subordinated debt (preferably subsequent payment to unsecured creditors), of financial institutions (Tier 1, Additional Tier1, Tier2...) and non-financial, including 10%-70 % of total exposure in contingent convertible bonds. The rest of the exposure can be invested in public and/or private fixed income, including deposits and money market instruments, whether listed or not, but liquid, and up to 10% in liquid securitisations.