Anlageziel

The Compartment’s objective is to outperform the benchmark over a medium-term period (minimum of three years) through the management of the US Interest Rates and credit “Speculative Grade” exposure. The investment strategy of the Compartment aims to expose the portfolio to US interest rates and to private issuers which issue in US dollars within the USA rated “Speculative Grade”, i.e. whose ratings are below or equal ‘BB+’ (as rated by S&P) or ‘Ba1’ (as rated by Moody’s) or considered equivalent by the Management Company’s criteria based on its anticipation of the credit market trends.