Investment Objective:
The Sub-Fund aims mainly to provide capital growth in line with a systematic strategy on a selected equity index as described below (the “Derivative Investment Strategy”), bank deposits, money market instruments and an actively managed portfolio of transferable debt securities, including fixed and variable interest rate securities and government bonds admitted to an Official Listing or dealt in on a Regulated Market, traded worldwide.
The Derivative Investment Strategy commences on January14, 2013 and matures on January 8, 2018 (the “Investment Period”).
The Derivative Investment Strategy’s performance at the end of the Investment Period is based on a performance valuation mechanism according to points a), b), c), d) and e) below:
a) The Equity Index Eurostoxx 50 (Bloomberg ticker: SX5E Index) is selected (the “Index”);
b) January 14, 2013 is defined as “Strike Date” and, January 12, 2018 is defined as “Swaps’ Termination Date”;
c) If at the end of the Investment Period, the Index is equal to or above its level on Strike Date and below 120% of its level on Strike date, then on the Swap’s Termination Date the investor gains 18% on the capital invested (being investments made by Unit holders on or before January 14, 2013);
d) If at the end of the Investment Period, the Index is equal to or above 120% of its level on Strike Date, then on the Swap’s Termination Date the investor gains 20% on the capital invested (being investments made by Unit holders on or before January 14, 2013);
e) If at the end of the Investment Period, the Index has fallen below its level on Strike Date, then on the Swaps’ Termination Date the investor does not have any capital gains, for investments made by Unit holders on or before January 14, 2013.
Adresses:
The Sub-Fund has a high-risk profile, mainly associated with the use of financial derivative instruments, linked to equity exposure. Investors should also consider the fact that the capital invested is potentially at risk. The Sub-Fund is addressed to investors with a long-term investment horizon and who are seeking return from exposure to equity and fixed income markets.
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