Anlageziel Indosuez Funds Defensive EUR P Capitalisation Fonds

The objective of the sub-fund is to seek a yield and/or capital gain over a time frame of 3 years by managing a portfolio composed mainly of fixed or variable-income debt securities, without any restriction at a geographical, monetary or sectoral level, or concerning the quality of the issuer, and up to a maximum of 30% of the assets in shares in companies, with no restrictions on size, sector or country. The minimum average rating for bonds and debt securities will be BB-. Non-rated securities will no longer represent more than 15% of net assets.