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The objective of this Sub-Fund is to achieve income and capital appreciation over the recommended holding period by investing in a diversified portfolio of: - corporate debt and debt-related instruments denominated in euro or any other currency, mainly issued by companies incorporated, headquartered or having their principal business activities in Europe, of any rating; - debt and debt-related instruments denominated in euro or any other currency issued by any government or by supranational bodies, local authorities and international public bodies; and - euro denominated Money Market Instruments for treasury purposes and/or in case of unfavourable market conditions. Investments in sub-Investment Grade debt and debt-related instruments are limited to 50% of the Sub-Fund’s assets. However, the Sub-Fund’s holdings of such securities might exceed 50% of its assets during its life as a consequence of a rating downgrade which might happen after the purchase of the securities by the Sub-Fund.
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