Objectives and investment policy
The objective of this fund is to generate a return at least equal to the return of European High Yield Bonds. The fund is accumulating.
The fund invests mainly in high-yield bonds, contingency and convertible bonds primarily issued by companies of the EU, OECD-countries or any other of Western or Eastern Europe, Asia, Oceania, the American countries or Africa, and denominated in Euro.
The investment strategy is active. The currency risk is limited since the fund aims to hedge currency risks of non-euro denominated investments. The total duration of the fund, incl. cash holdings, will be the benchmark plus/minus 2 years. The fund may use financial derivative investments (such as FX forward contracts, interest rate futures contracts and Credit Default Swaps).
Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 5 years.