The investment policy is geared towards generating long term capital growth in Euro terms. The Fund will seek to achieve its investment objective primarily through investing in Interest-bearing securities of the Eurozone markets having an investment grade rating. Sub-Fund assets may be invested in Interest-bearing Securities. These Interest-bearing Securities are restricted to those, which are denominated in EUR and are issued in countries participating in the OECD and at the time of acquisition have a specific investment grade rating from a recognised rating agency. At the time of purchase, assets within the meaning of sentence 2 which have been accorded a rating must not carry a rating below BBB- (Standard & Poor’s) or equivalent ratings by other rating agencies.