Investor with a mid-term to long-term investment horizon and low liquidity requirements; willing to take some risks; capital growth valued more than income.
The investment objective is to achieve a long-term return that is higher than that of a pure bond-based investment at a slightly higher risk.
A maximum of 50% of asset values are invested in national and international equity funds worldwide without reservation. Assets are invested in domestic and foreign bonds or convertible bonds in both Euros and foreign currencies.
The bandwidth for regrouping investments within each strategy to allow for necessary adaptations to changing markets ranges from 5 to 25 per cent.