The Company’s board of directors (the "Board") hereby informs you of the following changes to be made to the characteristics of the Sub-Fund.
1) Change of the investment objective
The investment objective of the Sub-Fund will be amended in order to add an objective of
outperformance of the benchmark MSCI All Country World Index (MSCI ACWI Daily Net Total Return) to the current investment objective. As from 20 of July 2022, the investment objective will read as follows :
Objective To contribute to the transition to a low carbon economy while achieving long-term capital growth. Specifically, the sub-fund seeks to outperform (net of fees) the reference benchmark MSCI All Country World Index ((MSCI ACWI Daily Net Total Return) over any given 5-year minimum.
Reference benchmark
- EUR-denominated shares: MSCI AC World Daily Net Total Return in EUR (NDEEWNR)
- USD-denominated shares: MSCI AC World Daily Net Total Return in USD ( M1WD)
The sub-fund is actively and discretionarily managed. The index is used to define the eligible investment universe with the objective of reducing carbon footprint. The management strategy includes tracking the difference in the risk level of the portfolio relative to that of the index. A moderate deviation from the risk level of the benchmark index is anticipated.”
2) Clarification of the investment policy and strategy
The investment policy of the Sub-Fund will be clarified in order to (i) describe how the initial investment universe is constructed when applying the ESG filter and (ii) insert the description of the environmental, social and governance (ESG) criteria applied by the investment manager for the SubFund, which were previously disclosed in the general part of the prospectus, directly in the sub-fund appendix and so to read as follows...
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