Anlageziel

The investment objective of the Sub-Fund is to provide income and capital growth by investing in fixed and floating rate securities worldwide, including emerging markets. The Sub-Fund is actively managed with reference to the benchmark ICE BofA Merrill Lynch Non-Financial Developed Market High Yield Constrained Index but additional or replacement index may be used from time to time. While the Sub-Fund has a reference benchmark, it is actively managed by implementing the investment philosophy and process described in this section. The Investment Manager and/or the Investment Sub-Manager has an ample degree of freedom to deviate from the benchmark.