This subfund invests in a limited number of asset groups selected on the basis of financial market movements and on the
manager’s expectations. Each asset group – representing a particular investment sector or theme， for example – will be
represented by a diversified group of transferable securities.
To achieve this objective， the subfund invests at least 2/3 of its assets in equities， convertible bonds， bonds and treasury notes，
provided that all investments are transferable securities issued by companies that have their registered headquarters in or
conduct the majority of their business activity in the United States.On an ancillary basis， it may also invest in warrants and any other transferable securities admitted to official listing on a
securities exchange as well as in UCITS or UCI limited to a maximum of 10％ of its assets.
