Risk profile: High
Management type: Flexible with VaR
Annual return target: 6-9% per annum*
Time horizon on the line: at least 6 years
Risk: average of the last 52 weekly VaR readings, maximum 9% with a time horizon of 1 month and 95% confidence interval

The line aims to achieve a result that is significantly higher than the rate of return on risk-free financial instruments.
The objective of achieving a positive absolute result regardless of market dynamics is pursued through the use of financial instruments such as ETFs, UCITS and in very rare cases bonds and equities.
The approach is always top-down and does not involve trading activities. The use of investment classes exposed to financial risk is done selectively, evaluating dynamically and aggressively the opportunities that the markets offer over time.

*The annual return targets of the investment lines are only forecasts and are not to be interpreted as minimum returns and/or guaranteed returns.