Anlageziel

The investment objective of the Sub-Fund is to achieve income and capital appreciation by investing in bonds and other debt securities denominated in any currency issued by sub-investment grade issuers worldwide including emerging market countries.The Sub-Fund will invest its assets in a diversified portfolio of predominantly high yield fixed income securities that are denominated in any currency and rated "subinvestment grade" (i.e. lower than Baa by Moody’s or BBB by S&P or equivalent rating issued by Fitch or considered as such by the Investment Manager) at the time of investment. In addition, the Sub-Fund may also invest in fixed income securities that are rated as investment grade.