DNCA Convertibles Europe IC
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General Objective
The objective of this UCITS is to outperform the European convertible bonds market over a recommended minimum investment term of four years. The benchmark indicator applicable to this Fund is ECI-Europe (Exane Convertible Index Europe), which represents the European convertible bond market.
Fund Exposure
The investment policy of this UCITS is based on discretionary management within the universe of European convertible bonds. The portfolio invests at least 60% of its assets in European convertible bonds, exchangeable bonds, share purchase warrants, equity securities, and debt securities of European issuers traded on the markets of OECD member countries. The balance may be invested in securities issued by OECD issuers.
Risks
The portfolio may comprise "high yield" securities or "speculative" securities with a rating lower than BBB-/Baa3, or securities which are not rated by a rating agency, in an amount up to 70% of the portfolio’s net asset value. Additionally, up to 100% of the portfolio’s assets may be held in investments denominated in currencies other than the euro. The sensitivity of the UCITS' assets to interest rate changes is within a range of 0 to 8.