The fund’s objective is to invest principally in equities of European issuers, within the following limits: 30% to 100% of its net assets in equities; 0% to 70% of its net assets in Debt instruments. In case of adverse market conditions, the Sub-Fund may invest up to 70% of its net assets in money market instruments. The Sub-Fund may invest up to 10% of its net assets in UCITS.
The Sub-Fund may invest in securities denominated in any currency. However non-base currency exposure may be hedged back to the base currency to moderate currency exchange risks. More specifically, futures and currency forwards may be used for that purposes.