Description

This fund aims to closely mirror the performance, including daily fluctuations, of the BNP Paribas Equity Momentum Europe TR index (Bloomberg: BNPIFME). A key objective is to maintain the tracking error, which is the divergence in returns between the fund and its benchmark, below 1%. To achieve optimal portfolio management, the fund's manager is authorized to switch between two distinct index replication methods described elsewhere. A minimum of 75% of the fund's assets will consistently be invested in equities issued by companies registered in a European Economic Area member country, excluding any nations considered non-cooperative in anti-fraud and tax evasion efforts. Additionally, the fund will not allocate more than 10% of its net assets to shares or units of UCITS or other collective investment undertakings.