Objectives and investment policy
The objective of this fund is to generate a return at least equal to the return on corporate bonds traded on a regulated market and issued by companies in OECD-countries, mainly in Europe. The fund is accumulating.
The fund invests mainly in corporate bonds issued by companies that have a strong sustainability profile within Environment, Social and Governance issues and integrate a sustainability awareness in relation to climate change and CO2 emissions. Each bond issuer must comply with international principles for responsible investments and controversial sectors are non-investable.
At least 75% of the sub-fund’s assets invested in bonds must have a quality corresponding to a credit rating of Baa3/BBB- or higher.
The fund is actively managed. The modified duration of the fund, including cash holdings, shall not exceed benchmark duration plus 2 years.
The fund may use financial derivative investments (such as FX forward contracts and interest rate futures contracts). At least 90% of the fund assets should be invested in bonds denominated in or hedged to EUR.
Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 4 years.