The objective of the investment policy for the sub-fund is to generate an above-average return for the sub-fund. Interest-bearing securities which are denominated in or hedged against the euro, such as government bonds, corporate bonds, asset backed securities and covered bonds, shall be acquired for the sub-fund. Government and corporate bonds from industrial and high-growth countries (emerging markets) and corporate bonds with and without investment-grade status (high yield corporate bonds) may be acquired. The sub-fund is actively managed. The sub-fund is not managed in reference to a benchmark.
