The following new funds are now available within our policies:

By our new fund manager, Alienor Capital:

Alienor Optimal
The fund aims for a significant performance no matter what the market conditions are, by following the bullish markets and avoiding if possible the bearish. The fund invests freely in stocks, bonds or cash depending on the market analysis and macro economic anticipations. The fund invests in stocks without constraints on capitalisation size or geographic zone. Concerning investments in bonds, the fund invests in public debt and in the private sector, without constraints in rating or geographic zone. Due to its reactive management, the exposure to asset classes can vary largely and quickly in order to profit from opportunities or to protect the fund from market corrections.


By our fund manager, Rothschild & Cie Gestion:

R Convertibles
The fund aims to take part in bullish stock markets, whilst offering protection to part of its investments in case of strongly bearish stock markets. To accomplish this, the fund invests at least 50% of its assets in convertible European bonds, instruments that at the same time are based on stocks and on interest and/or credit rates. The exposure to the financial markets thus is very unstable and variable. The exposure to stocks tends to increase with the appreciation of the underlying stock, whilst the exposore to the rates diminishes and vice versa. The fund has a defensive profile with a limited exposure to stocks - 30% of the portfolio.

By our new fund manager, Threadneedle:

Threadneedle Target Return

The fund's aim is to achieve a total positive return in euros in all market conditions through exposure to the global bond markets. The fund will invest primarily in derivatives, cash and near cash, fixed interest securities, index linked securities, money market instruments and deposits. At times the portfolio may be concentrated in any one or a combination of such assets. The manager may take long and short positions through derivatives in such issues.

The following funds will also be available in Euro hedged: BGF World Mining, BGF World Gold, Invesco PRC Equity and Templeton Asian Growth.

For further information, please consult the fund fact sheets.