CS (Lux) Global Securitized Bond EBH CHF
The investment objective of the Subfund is to achieve capital appreciation within defined risk parameters. Investments may be denominated in any currency. The major part of the assets of the Subfund will be invested in floating-rate or fixed-interest asset-backed and mortgage-backed securities. The investments are made mostly in securities which have a credit quality of at least investment grade. Asset-backed securities are, in principle, securities the payments of which (interest payments and principal re-payments) are securitised by a pool of receivables. Mortgage-backed securities are, in principle, securities the payments of which (interest and principal repayments) are securitised by a pool of mortgages. Additionally the Subfund may invest a significant portion of its assets in any type of fixed-interest or floatingrate securities, issued by issuers from developed countries. The Subfund may furthermore invest up to a maximum of 10% of its assets in equities or other equity type securities and in warrants on such equities issued by issuers from developed countries. In addition to direct investments, the Subfund may conduct futures and options as well as swap transactions (interest-rate swaps, total return swaps) for the purpose of hedging and the efficient management of the portfolio. Furthermore, the Subfund may actively manage its currency exposure through the use of currency futures and swap transactions. The Subfund may also hold ancillary liquid assets.