Objectives and strategies of the fund
The investment objective of the Sub-Fund is to achieve an appropriate capital growth by investing in a diversified portfolio of debt instruments qualifying as Transferable Securities and in foreign currencies and/or currency FDI (the Investments). Where the Investments are bonds, they are government bonds and/or corporate bonds. Corporate bonds will have an investment grade rating by at least one major rating agency (S&P, Moody’s or Fitch). The residual maturity of Investments that are Transferable Debt Securities is below two years. The Sub-fund will not acquire ABS, MBS or other hybrid structured debt instruments as well as distressed bonds or Emerging Markets bonds. Investments are denominated in the Reference Currency and/or in other currencies. In order to generate the portfolio performance and/or for hedging purposes, the Sub-Fund will also invest in foreign currencies (as spot and/or forward contracts), eligible FDI on foreign currencies (as buying and selling currency futures and/or currency index futures, put and call options on foreign currencies). Currencies are EUR, AUD, CAD, CHF, DKK, GBP, JPY, NOK and USD.