Objectives and investment policy
The objective of this fund is to generate a return at least equal to the return on international corporate bonds. The fund is accumulating.
The fund invests mainly in bonds and other debt instruments listed or traded on a regulated market globally. At least 75% of the fund's investments shall be denominated in euro or hedged to euro.
The main part of the fund's NAV will be hedged against the base currency of the fund.
The fund is actively managed and at least 75% of the fund's assets must be invested in bonds with high rating. The total duration of the sub-fund will be the benchmark duration plus/minus 2 years. The fund may use financial derivative instruments and CDS (Credit Default Swaps). Usually the expected level of leverage is 20%.
Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 4 years.