The investment objective of the Sub-Fund is to provide returns in line with short- and medium-term debt corporate and sovereign markets in the Eurozone of investment grade quality.
The Sub-Fund invests its assets primarily in short- and medium-term debt securities of sovereign, government, corporate or supranational issuance and at least investment grade quality, money market instruments which have been awarded one of the three highest available credit ratings by each recognized credit rating agency and deposits in European credit institutions, ‘Sovereign issuance’ should be understood as debt instruments issued or guaranteed by a central, regional or local authority or central bank of a Member State, the European Central Bank, the European Union or the European Investment Bank.
Secondarily the Sub-Fund invests in structured financial instruments and in financial derivative instruments. Currency derivatives may only be used for hedging currency exposure in non-base currency securities.
The investment portfolio will aim to maintain a duration of lower than 3 years. The Sub-Fund is not allowed to invest directly or indirectly in equity securities or commodities, including via derivatives.
Liquidities, undertakings for collective investments, financial derivative instruments, and structured financial instruments may be used within the limits described in sections 3.1 and 4 of this Prospectus.
The Sub-Fund has a low risk profile and is addressed to risk-averse investors who want Euro currency linked exposure and seek to combine short term returns higher than money market rates and in line with the European short-term and medium-term corporate and sovereign debt markets and immediate liquidity.
|MONTHLY PERFORMANCE SCENARIO|
|PRIIP Eurobank (LF) Reserve Fund|
|PRIIP Eurobank I (LF) Reserve Fund|
|PRIIP Private Banking (LF) Reserve Fund|
|PRIIP Interamerican (LF) Reserve Fund|