The investment objective of the sub-fund ("Fund") is to achieve an above average return over the long term. For this purpose, the Fund invests in high-yield debt securities. These are debt securities which, in the view of specialised rating agencies, are of lower quality in terms of their ability to repay the debts. Because of their lower rating, high-yield bonds offer a higher return than debt securities of better quality, but they also entail greater risks.
- United Kingdom