The sub-fund is investing mainly in equity securities issued by Portuguese
companies or equity related securities that are mainly exposed
to the Portuguese equity market.
On an ancillary basis the sub-fund may also invest in bonds issued by
Portuguese companies or by the Portuguese government. Financial
derivatives will be used for hedging purpose and/or for the purpose of
efficient portfolio management. For the purposes of efficient portfolio
management, futures, call options, interest rate swaps and forward
exchange contracts and equity swap transactions may be used.