At all times, this sub-fund is exposed, for at least 90% of its assets, directly (minimum 75% of its assets) or indirectly (through investments in financial derivative instruments) to equities and/or equity equivalent securities issued by companies, including emerging markets:
- which conduct at least 20% of their business in water and/or related sector;
- which comply with certain sustainable development, social responsibility, environmental responsibility criteria and/or corporate governance criteria; and
- which are characterised by the quality of their financial structure and/or potential for earnings growth.
The remaining portion, namely a maximum of 10% of its assets, may be invested in any other transferable securities, money market instruments or cash and UCI/UCITS.