The objective of this fund is to achieve a return in excess of inflation (real return) in EUR over a 3 to 5-year period. The share class is accumulating.
The fund gains most of its exposure to investment grade bonds from anywhere in the world, including emerging markets, by investing directly in securities or indirectly, through derivatives and other funds. The fund may also invest in equities.
The fund invests at least 50% of net assets in bonds (including government inflation-linked bonds and covered bonds) and other debt instruments, and in money market instruments. The net exposure to equities usually ranges from 0% to 30% of the fund's net assets but may be higher depending on the investment manager's market outlook.
The fund may invest in, or be exposed to, the following investments up to the percentage of net assets indicated: UCITS including UCITS ETFs: 100% and below investment grade bonds: 30%.
In actively managing the fund's portfolio, the management team applies a flexible and dynamic asset allocation that seeks to take full advantage of market changes and opportunities, and to protect the fund against inflation. Asset allocation and derivatives are also used for risk diversification and mitigation of downside risk.
The fund may use derivatives for hedging and efficient portfolio management, as well as for investment purposes.
Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 3 years.