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The objective of the sub-fund is to seek capital appreciation over a long-term period. To achieve this objective, the Investment Manager will invest mainly in stocks, fixed-rate, variable-rate or floating-rate bonds, convertible bonds or bonds with warrants Although investments may be made directly, the Sub-Fund may also use UCITS or UCIs (including those established as Exchange Traded Funds), within the meaning of Article 1, paragraph (2), subparagraphs a) and b), of Directive 2009/65/EC, that are regulated, open and diversified, and have a risk distribution comparable to that of Luxembourg UCIs governed by Part I of the Law of 2010.
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