Anlageziel

The Sub-Fund is actively managed. The Sub-Fund is not managed in reference to an index. The Sub-Fund primary objective is to build a buy and maintain portfolio set up for a period ending in the course of the year 2021 (hereafter referred as "the Term"). The Sub-Fund invests, at least 50% of its assets, in bonds, other fixed or floating-rate debt securities and short-term debt securities of corporate or governmental issuers denominated in any OECD currencies and graded either BB, B, CCC or equivalent by the rating agencies described in paragraph 3.2 or of equivalent quality in the opinion of the Investment Manager.