The Sub-Fund will seek to invest at least two thirds of the total assets of the Sub-Fund in a broadly diversified portfolio of high yield (below investment grade) fixed income transferable debt securities issued by public or private companies domiciled or listed in the United States. Furthermore, the Sub-Fund may use financial derivative instruments in order to hedge foreign exchange and currency risk borne by the investor which will invest in the non-USD denominated Shares of the Sub-Fund. The Sub-Fund may also make short-term investments in cash or in Money Market Instruments to either maintain liquidity or for short-term defensive purposes when the Investment Manager believes it is in the best interests of the Shareholders to do so. During these periods, the Sub-Fund may not achieve its objective.
Links:  http://www.globalfunddata.com/funds/new/performance/management?variant=Lemanik Asset Management S.A.
 http://www.globalfunddata.com/funds/new/performance/fund_administrator?variant=J. P. Morgan Bank Luxembourg S.A.
 http://www.globalfunddata.com/funds/new/performance/strategy?variant=USD High Yield Bond
 http://www.globalfunddata.com/funds/new/performance/city?variant=Mamer - Luxembourg___Hong Kong
 http://www.globalfunddata.com/funds/new/performance/country?variant=Hong Kong
 http://www.globalfunddata.com/funds/new/performance/custodian?variant=J. P. Morgan Bank Luxembourg S.A.
 mailto:email@example.com?subject=Mail from GFM Ltd