The Euro Low Duration Fund is an actively managed,
diversified portfolio of primarily short-duration, investment
grade bonds. The fund must invest at least two thirds of its
assets in euro-denominated fixed income instruments. The
average duration of the fund will normally vary within +/-2
years of the benchmark, and may allocate up to 10% to
high yield instruments and up to 20% to emerging markets.
The fund is actively managed to maximize total return while
maintaining risk consistent with the benchmark, and is
suitable as a core euro-denominated bond allocation, but
with reduced sensitivity to changes in interest rates.
The Fund Advantage
The fund’s diversified strategy can offer significant potential
for consistent outperformance over its benchmark,
benefiting from the manager’s views on interest rates,
currencies, and credit and country trends.