Wertpapiername | Anteil |
---|---|
Ishares Ii Plc-Eur F.R.Esg Etf-Eur | 15,90 % |
Ishares Iv Eur Ultrash.Bd Etf Eur | 15,70 % |
Dimensional-Gl.Ultra Sh.Fix.Inc.Eur | 15,70 % |
Ishares Ii-Devel.Mkt Property Yield | 7,10 % |
Ishares Ii-Jpm Usd Em Bond Etf Usd | 6,80 % |
Summe: | 61,20 % |
The objective of the Sub-Fund is to offer the investor a largely diversified investment vehicle offering an exposure to global bond markets. Bond markets are split into different asset classes and are selected on the basis of expected return, expected volatility and historical correlation among them. The Sub-Fund follows a diversified investment approach. The Sub-Fund does not guarantee the achievement of this objective. Investment policy The Sub-Fund is actively managed with no reference to a benchmark. The Sub-Fund will invest: - minimum 50% in UCITS and other undertakings for collective investment (UCIs) and/or Trackers reflecting the performance of Global investment grade government bond markets and/or Global investment grade corporate bond markets; - up to 20% in UCITS and other UCIs and/or Trackers reflecting the performance of global inflation linked bond markets; - up to 10% of its net assets in UCITS and other UCIs and/or Trackers mainly investing in the global high yield bond markets; - up to 10% of its net assets in UCITS and other UCIs and/or Trackers mainly investing in emerging market bonds; - up to 10% of its net assets in real estate via UCITS and other UCIs and/or Trackers tracking the evolution of real estate markets via investments in listed real estate companies. Real estate has proven its anti-inflationist role and thus differs diametrically from classic bonds. Furthermore, returns on real estate are positively correlated to the general level of prices due to the indexation of rents aligning them on the inflation.