To increase asset value in the medium term. The objective of this fund is to outperform its benchmark, the Dow Jones UBS Commodity Total Return Index.
This subfund can be exposed to the Dow Jones-UBS Commodity Total Return Index and/or to any index representing commodities, combining all sectors, that complies with the recommendations of European Directive 2007/16/CEE. The exposure to indices is obtained by using a synthetic replication method. To do so, the subfund invests in derivative instruments on the index, such as swaps (index swaps, for instance), options, futures, forward contracts linked to the abovementioned indices, on a regulated or over-the-counter market. In particular, the subfund can enter into swap agreements (variable or fixed interest rate swap against index performance). The exposure to indices representing the overall trend of prices for commodities of any kind, via derivative financial instruments may vary between 0 and 100% of the subfund’s net assets.