Description

The aim is for the investment to reflect the performance of the Markit iBoxx EUR Eurozone (DE ES FR IT NL) 1-3 Index (the "Reference Index"). The Reference Index reflects the performance of tradable debt (bonds) denominated in Euro or pre-Euro currencies issued by governments of five Eurozone countries (France, Germany, Italy, Netherlands and Spain) that have a remaining time to maturity of at least 1 year and up to 3 years.To achieve the aim, the Sub-Fund will attempt to replicate the Reference Index by buying a substantial number of the constituents of the Reference Index in a similar proportion as the Reference Index as determined by the Investment Manager and SubPortfolio Manager.