The investment objective of the compartment is to seek capital growth over the recommended investment period (minimum 5 years) through active and discretionary management of a diversified portfolio.
There will be no specific focus on a particular sector or geographic area and investments may be concentrated on a single sector or a single geographic area.
The compartment invests in equities the capitalisation of which is in excess of EUR 1 billion. The allocation between those different asset classes, as well as the geographic areas to be favoured, will be determined according to the global macro-economic analysis carried out by the Management Company. Total exposure to equity risk may be between 0 and 100% inclusive.
Depending on the Management Company’s stock market expectations, the Compartment will be exposed, directly or through the holding of UCITS and/or other UCIs units or shares, to equities, bonds, debt securities and money market instruments.Total exposure to equity risk may be between 0 and 100% inclusive. When the Management Company is expecting favourable developments in the equity markets, the Compartment will be invested in the higher end of the range in equities. On the other hand, during a period of expectation of a downturn in the equity markets, debt securities and/or money market instruments will be favoured and may constitute 100% of the portfolio.