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This Sub-Fund seeks to achieve a high level of income together with long-term capital growth by investing in a diversified portfolio of the permissible instruments. The Sub-Fund seeks to achieve its objective by investing primarily in European securities (debt and equity). At least 50% of the Net Asset Value will be invested in debt securities. European securities are to be understood to be those issued by European governments or companies or any debt denominated in a European currency. European companies are those with their registered office in a European country, or carrying out business activities predominantly in Europe, or holding companies, the interests of which are predominantly invested in companies with their registered office in a European country.
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