CYC Acciones Globales (Series 429) Notes due 2040 USD Accumulation

So investiert der CYC Acciones Globales (Series 429) Notes due 2040 USD Accumulation: The Portfolio Manager, in accordance with the terms of the Portfolio Management Agreement, shall be obliged to use all reasonable endeavours, in the course of carrying out such obligations, to achieve any strategy that it deems fit to maximise the total returns achieved by the Portfolio by seeking long-term capital growth focused on shares and ETFs of undervalued companies (or assets) in emerging and developed markets whose market price may not reflect their underlying worth, as determined by the Portfolio Manager. A portion of the Portfolio may also invest in preferred shares of selected companies. The Portfolio Manager may also use derivatives with the intention of mitigating risk or managing the Portfolio more efficiently. The Portfolio may hold liquidity to reduce risks in some contexts. The Portfolio Manager may also invest in structured products linked to underlying liquid assets in accordance with the Portfolio Management Agreement.