Investment objective and policy
This Sub-Fund promotes environmental and social characteristics and qualifies as product in accordance with Article 8 of SFDR.
The Sub-Fund aims to provide a medium/long-term capital growth by combining total return with equal focus on environmental, social and governance (ESG) factors, ensuring a tilt to responsible investing. To achieve this, the Sub-Fund will follow a flexible allocation strategy.
The Sub-Fund will invest at least 51% of its assets in units of UCITS and/or other UCIs as described in art 41 (1) indent (e) of the 2010 Law including Exchange Traded Funds (ETF’s) which mainly invest in equity securities and derivatives thereof and/or transferable debt securities and derivatives thereof that meet the Investment Manager’s ESG/Sustainability criteria such as scores and/or ratings established and/or provided by internationally accredited agencies and providers such as Morningstar or Bloomberg indicatively but not exclusively.
For that purpose, an investable universe of suitable UCITS and/or other UCIs is in place and updated at least annually (annual review). If at any time an active investment fails to meet the latest review criteria, a justification report will be submitted to the Investment Manager’s relevant investment committee. Such investments will not exceed in aggregate 10% of the Sub-Fund’s assets.
The annual review for the creation of the investable universe is a decision support function and does not imply or provoke any immediate portfolio action.
More information about the ESG investment methodology, its integration in the investment process, the selection criteria as well as the Investment Manager’s ESG related policies can be found at the following link: www.eurobankam.gr
Secondarily, the Sub-Fund may invest its assets in units of UCITS and/or other UCIs as described in art 41 (1) indent (e) of the 2010 Law including Exchange Traded Funds (ETF’s) which mainly invest in bank deposits, money market instruments, short term bonds and/or any other equivalent investments; the UCITS that fall in this section do not have to be money market funds.
In addition, the Sub-Fund may and will at times invest (up to 50% of its net assets) directly in bank deposits and money market instruments in adherence to the flexibility objective.
Any investment in short-term or liquid assets does not have to meet the aforementioned ESG/Sustainability criteria.
Liquidities, financial derivative instruments and structured financial instruments may be used within the limits described in sections 3.1. and 4. of the Prospectus. Any such instrument does not have to meet the aforementioned ESG/Sustainability criteria.
Profile of investors
The Sub-Fund has a high-risk profile and is addressed to investors who want high return potentials through participating in a fund whose assets are invested in a diversified portfolio of units of various UCITS and/or other UCIs as described in art 41 (1) indent (e) of the 2010 Law and seek to benefit from their active management.
Note: The investment objective and policy of (LF) Fund of Funds – Real Estate has been changed and it has been renamed into (LF) Fund of Funds – ESG Focus according to the notice to the unit holders published on September 03, 2018.
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