The Sub-fund seeks a medium to long-term return by investing at least 51% of its net assets in subordinated corporate bonds.
To reach this objective, the Sub-Fund may be invested in :
- Investment Grade or High Yield bonds,
- Convertible bonds,
- Money market instruments,
- Equities or Equity-Linked Instruments up to10% of its net assets,
- Units/shares in UCITS and/or other UCIs up to 10% of its net assets,
Investments will be mainly issued by issuers from developed countries. The Investment Manager aims to hedge investments non denominated in Euro.