Risk profile: Medium
Management type: Flexible with VaR
Annual return target: 4-6% per annum*
Time horizon on the line: at least 3 years
Risk: average of the last 52 weekly VaR readings, maximum 6% with a time horizon of 1 month and 95% confidence interval

The line aims to achieve a positive absolute return over a predefined time horizon, irrespective of Benchmark constraints.
The line aims to achieve a positive absolute return irrespective of market movements, through the use of financial instruments such as ETFs, UCITS, Bonds and Equities.
The investment is made with attention to the quantitative monitoring of risk indicators. The investment classes exposed to financial risk are used selectively, evaluating the opportunities offered by the markets 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.