Investment Objective
To achieve a positive return in any type of market condition (absolute return strategy). The Sub-Fund invests in debt instruments and up to 30% of net assets in mortgage-backed securities (MBS) and asset-backed securities (ABS). Through to-bennounced securities (TBA) are limited to 30% of net assets. There are no rating or currency constraints on these investments. The Sub-Fund seeks to eliminate the effects of most currency exchange differences for investments in non-euro denominated securities.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.7 | 0.6 | 1.0 | 0.5 | 0.4 | 0.5 | 0.8 | 0.1 | 0.4 | 0.0 | 0.2 | 0.1 | 0.3 | |
| 2022 | 0.6 | 0.8 | 0.5 | 0.5 | 1.0 | 0.4 | 0.7 | 0.9 | 0.7 | 0.4 | 1.0 | 0.7 | 0.2 |
