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The investment objective of the Sub-Fund is to seek general leveraged exposure to nominal interest rates through the use of a broad range of techniques. The Sub-Fund may seek to achieve its objective through a policy of holding collective investment schemes (the “Underlying Funds”) or through direct investment across assets as outlined hereunder. Whether the Sub-Fund is investing in Underlying Funds or via a direct investment strategy, or a combination of these, the Sub-Fund may invest in instruments with medium dated maturities. Given the leveraged nature of the Sub-Fund investors should note that this may result in higher interest rate duration, consistent with a liability driven investment approach.
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