Objectives
The objective of this fund is to achieve above-market performance. The share class is accumulating.
Investment policy
The fund invests mainly in high-yield bonds, contingency and convertible bonds primarily issued by companies of the EU, OECD-countries or any other country in Western or Eastern Europe, Asia, Oceania, the American countries or Africa, and denominated in Euro.
In actively managing the fund's portfolio, the management team selects securities that appear to offer superior investment characteristics.
The fund may use derivatives for hedging and efficient portfolio management, as well as for investment purposes. The fund may take short positions through derivatives. The fund may use credit default swaps with or without underlying assets.
The currency risk is limited since the fund aims to hedge currency risks of non-euro denominated investments. The total duration of the fund, including 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 3 years.
