The Sub-Fund aims to provide a medium/long-term capital growth by combining total return with equal focus on environmental, social and governance (ESG) factors, ensuring a tilt to responsible investing. To achieve this, the Sub-Fund will follow a flexible allocation strategy. The Sub-Fund will invest at least 51% of its assets in mutual funds which mainly invest in equity securities, transferable debt securities and derivatives that meet the Investment Manager’s ESG/Sustainability criteria such as scores and/or ratings established and/or provided by internationally accredited agencies and providers such as Morningstar or Bloomberg indicatively but not exclusively. For that purpose, an investable universe of suitable mutual funds is in place and updated at least annually (annual review).
Secondarily, the Sub-Fund may invest its assets in mutual funds including Exchange Traded Funds (ETF’s) which mainly invest in bank deposits, money market instruments, short term bonds and/or any other equivalent investments; In addition, the Sub-Fund may and will at times invest (up to 50% of its net assets) directly in bank deposits and money market instruments in adherence to the flexibility objective. Any investment in short-term or liquid assets does not have to meet the aforementioned ESG/Sustainability criteria.
This Sub-Fund promotes environmental and social characteristics and qualifies as product in accordance with Article 8 of SFDR.