PTAM Defensiv Portfolio I

The PTAM Defensiv Portfolio seeks to build long-term value in euros by using a cautious investment approach to reduce risks. It invests globally in a diverse range of assets, including stocks, different types of bonds such as convertible and zero-coupon bonds, shares of other investment funds, and various certificates linked to financial indices, stocks, interest rates, and currencies. This mix of investments is designed to provide stability and steady growth by balancing different asset types and geographic regions.