This Sub-Fund seeks a long term total return through investment of at least 67% of its total assets in EUR denominated investment grade government and corporate bonds and other fixed and variable rate debt securities listed or traded on Regulated Markets of any OECD Country.
This Sub-Fund adds value by diversifying its investments among the various fixed income strategies such as evolution of duration, yield curve and country spreads inside the Eurozone.
This Sub-Fund may also use credit derivatives (Single issuer and Indices Credit Default Swap), as protection buyer and/or seller, either for hedging the risk of credit or the issuer’s failure, as well as for the purpose of efficient portfolio management.
The remaining part of the assets may be invested in the values and instruments described in introduction of “B. Bond Sub-Funds”. The Sub-Fund may invest in ABS/MBS up to 20% of its total assets.