Bond Euro

Investment Objective

The Fund’s objective is to obtain a higher total return than the EUR bond market through an actively managed strategy. The Fund invests at least 50% in negotiable EUR debt instruments issued by  governments and/or companies with an investment grade rating. The remaining assets may be invested in non-investment grade bonds.

Investment Philosophy

This Sub-Fund is mainly exposed, either directly or indirectly (including through shares and/or units of UCITS and/or other UCIS and/or financial derivatives), to bonds, all denominated in euro, issued by a country and/or by companies. These bonds must be rated investment grade by a recognized rating agency. If they are not rated, they are selected on the basis of the rating of the issuer. The Sub-Fund may also use bond indices.

The remainder of the Sub-Fund’s net assets may be invested, either directly or indirectly (including through shares and/or units of UCITS and/or other UCIs and/or financial derivatives), in bonds, including in non-traditional bonds (such as perpetual bonds (up to 15% of the Sub-Fund’s net assets), convertible bonds, contingent convertible bonds (up to 15% of the Sub-Fund’s net assets), etc.) and/or bond indices denominated in any currency, irrespective of the rating of the issuer.

Derivatives are used for the purpose of good management of the portfolio, as well as for hedging.

The investment currencies are not necessarily identical to the Sub-Fund’s benchmark currency. The resulting foreign exchange exposure is not systematically hedged, but is actively managed by the Fund Manager.

The Sub-Fund is actively managed in an environment of rigorous risk control.

Investment Horizon: 1-2 years

Latest Factsheet

KIID - CH

KIID - LU