The investment objective of the Sub-Fund is to build a diversified portfolio of securities issued by companies or by governments or their local authorities established, listed or traded worldwide, including investments in OECD and emerging countries. The Sub-Fund will invest, directly or indirectly through investment funds and ETFs, in fixed income securities and equity securities while seeking to control economic and monetary risks. The Sub-Fund may invest more than 10% of its net assets in UCITS and UCIs (including ETFs). The exposure to fixed income assets will be achieved directly and indirectly through UCITs and UCIs. The Sub-Fund’s direct investments in fixed income instruments will be focused on a diversified portfolio of government and corporate international fixed income securities rated individually at least B- by the main credit rating agencies. The Sub-Fund can invest up to 30% of its net assets in non-investment grade fixed income instruments.
