The Company’s board of directors (the "Board") hereby informs you that the investment policy of the Sub-Fund has been updated in order to clarify that exposure to equities may also be obtained through coco bonds and that the credit default swaps the Sub-Fund may invest in may be single name and index swaps.
The investment policy will read as follows:
"(…) The sub-fund may invest in, or be exposed to, the following investments up to the
percentage of net assets indicated:
- convertible bonds: 100%
- assets in non-OECD countries: 25%
- cash and cash equivalents: 20%. These may include monetary UCIs or UCIs whose investments’ overall weighted maturity or rate reset frequency does not exceed 12 months
- contingent convertible bonds (coco bonds): 20%
- mortgage- or asset-backed securities: 20%
- other UCITS/UCIs: 10%
- equities (through exposure from convertible bonds and coco bonds): 5%"
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