Anlageziel

The objective of the Sub-Fund is to achieve long-term capital gains by taking advantage of the evolution of the value of the securities underlying the convertible bonds held in the Sub-Fund’s portfolio and/or the yield of such convertible bonds while providing a certain capital preservation resulting from the bond element of the investments in convertible bonds performed by the SubFund. The Sub-Fund’s investment portfolio will principally consist of convertible bonds expressed in different currencies, without limitation and, for the purpose of efficient portfolio management, of transferable securities embedding a derivative which will generate an economic effect similar to a bond convertible into stocks.