Description

This fund aims to replicate, net of fees, the price appreciation and income generated by the Bloomberg US Liquid Corporates Total Return Index, which is designed to be hedged into EUR. It achieves this by directly investing in the underlying bonds of the index, thereby offering exposure to high-grade, USD-denominated debt issued by U.S. corporate entities spanning the financial, industrial, and utility sectors. The share class, denominated in Euros, features an embedded currency hedge specifically designed to mitigate the effects of exchange rate movements between the US Dollar and the Euro. The management strategy employed by the fund is passive.