This content is for professional investors only as defined by the MiFID.
The Company’s board of directors (the "Board") hereby informs you of the following updates to be made to the characteristics of the Sub-Fund
1) Update of the investment policy and strategy
The investment policy of the Sub-Fund will be updated in order to (i) clarify that the management company will rely on the analysis of the research center “La Française Sustainable Investment Research” of the entity “La Française Group UK Limited” with respect to the determination of ESG criteria and (ii) reflect the increase in the net exposure rate (after hedging) to currencies other than the euro from 10% to 50% as from 20 of July 2022 (the “Effective Date”).
As from the Effective Date, the investment policy will therefore read :
The sub-fund invests in government and corporate bonds, equities in OECD countries and/or emerging markets.
Specifically, the sub-fund may invest in equities, floating rate or fixed rate debt securities and money market instruments. The sub-fund may invest up to 100% in fixed income securities that are rated lower than BBB- by Standard & Poor’s or judged equivalent by the investment manager at the time of the
purchase or in unrated bonds. The sub- fund may invest in sustainability bonds (such as green bonds and social bonds) and sustainability-linked bonds (SLB).
The sub-fund may invest in, or be exposed to, the following investments up to the percentage of net assets indicated:
- bonds and money market instruments: 100%, including government bonds: 50%
- government and corporate bonds issued in non-OECD countries: 70%
- equities: 50%
- contingent convertible bonds (coco bonds): 10%
- convertible bonds: 10%
- other UCITS/UCIs: 10%, including monetary UCIs or UCIs with an overall weighted maturity or rate reset frequency not exceeding 12 months
- real estate investment trusts (REITs) that qualify as transferable securities under the 2010 Law and related regulations, publicly traded real estate preferred equities and debt securities, and
- equity-related securities of real estate operating companies: 10%
Download the document