The Sub-Fund’s net assets will be mainly invested in debt and debt-related instruments of any kind, including for example bonds and money market instruments, issued by corporate issuers, with a rating, at issue or issuer level, of at least “B-” in the Standard and Poor’s classification, to “B3” in Moody’s classification or to an equivalent rating granted by another primary rating agency.
The choice of investments will take particular account of the profitability of the securities, but without neglecting the issuer’s solvency.
The Sub-Fund’s Investment Manager will seek to achieve in the medium term an average return in excess of the performance of the Merrill Lynch Global High Yield European Issuers, rating BB-B, 3% constrained Index®.
Funds Disclaimer
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Ratings Disclaimer
© 2010 - 2011 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
