BNP Paribas Money 3M IC

The management objective of the fund is to outperform the Capitalised eurozone money market benchmark index (€STR), after deducting ongoing charges. The fund is classified as a standard variable net asset value money market fund (standard VNAV MMF) and follows an active management investment policy.

The fund's investment process follows a top-down approach and is broken down into four stages: macroeconomic analysis and market forecasts; tactical allocation of assets by instrument type; selection of sectors and issuers; and stock picking and positioning on the yield curve. The fund may invest up to 100% of its net assets in money market instruments, negotiable debt securities or bonds, denominated in euro and/or in other currencies, issued by private, public or supranational issuers from all countries. The fund may also invest up to 20% of its net assets in securities issued by companies located in emerging countries.

Investors should be aware that if money market interest rates are very low, the return generated by the fund may be insufficient to cover the management fees, resulting in a structural decline in the net asset value of the fund. Additionally, the fund may be exposed to interest rate risk and credit risk, with limitations on the Weighted Average Maturity (WAM) and Weighted Average Life (WAL) of the portfolio. The fund manager may use derivatives to hedge against interest rate and/or currency risks.

https://www.bnpparibas-am.com/