What is the investment goal:

To achieve a competitive return in the reference currency and a high degree of liquidity by investing in short-term, euro-denominated debt securities.


What is the investment policy:

This fund invests all its assets, apart from cash and cash equivalents, in short-term, euro-denominated debt securities. Long-term debt securities must be rated at least A and short-term debt securities rated at least A-1 by Standard & Poors or a similar rating by another independent rating agency. The specific fund can also invest in unrated debt securities on a par with those mentioned above. The average weighted duration of investments this specific fund makes does not exceed 60 days. The initial or remaining duration of any debt securities acquired never exceeds 397 days at the time of acquisition. To a lesser extent the portfolio can also invest in cash and cash equivalents. The specific fund can also use derivative financial instruments to hedge risks and more efficiently manage the portfolio.