The aim of the bonds portfolio is to achieve yields from movement in prices of government corporate bonds with maturity from 1 to 25 years, the credit quality of which is always in investment grade.
The geographical focus of the strategy aims exclusively at government bonds issued by the Eurozone governments. The portfolio invests in bonds through the so-called ETF (Exchange Traded Fund), which copies by its yields the selected IBOXX € SOVEREIGNS EUROZONE OVERALL TOTAL RETURN INDEX ®.
The portfolio should serve investors as a suited diversification of their investment (in case of decrease or significant volatility at the capital markets, the portfolio should retain its relatively stable value).
The portfolio is based solely from bonds, the value of which (i.e. the total market capitalization) is over EUR 2 bn. The sources of the bonds portfolio value are: coupon and bonds movement in prices yields.
At any time, 100 % of the portfolio value will be invested in the bond ETF. No derivates shall be used in the portfolio.