The sub-fund aims to provide long term total return by investing in a portfolio allocated across global bonds and other similar securities or instruments. The sub-fund is subject to market risks at any time. The sub-fund invests in normal market conditions a minimum of 90% of its net assets, either directly or through the use of financial derivative instruments, in Investment Grade and Non-Investment Grade fixed income securities which are either issued or guaranteed by governments, government agencies or supranational bodies worldwide or issued by companies which are based or carry out the larger part of their business in either developed markets, such as OECD countries, or Emerging Markets. These securities are denominated in developed market and Emerging Market currencies. The sub-fund may invest (up to 20% of its net assets) in Asset Backed Securities (""ABS"") and Mortgage Backed Securities (""MBS"").