This Sub-Fund aims to achieve the best possible investment returns in USD.
While respecting the principle of risk diversification, the Sub-Fund’s assets are primarily invested in bonds, notes
and similar fixed and variable interest rate debt instruments including convertibles and warrant bonds, issued by public and/or private borrowers --- denominated in various emerging market currencies and/or issued by borrowers
based in emerging markets --- whereby a maximum of 25% of the Sub-Fund’s assets may be invested in convertibles and warrant bonds.
Up to 33 % of the Sub-Fund’s assets may be invested outside the aforementioned investment universe.