The sub-fund invests in various asset classes, in particular equities, bonds and currencies. It primarily uses derivatives to take long and short positions in these asset classes. Currency positions are mainly opened using FX forwards and futures. The investment objective of the sub-fund is to generate average returns of three to five percent a year above the 3-month Euribor, over a period of 3–5 years, regardless of medium-term equity and bond market performance.
JPM Cash Index Euro 3 Months