Risk profile: High
Management type: Flexible with VaR
Annual return target: 10-15% per annum*
Time horizon on the line: between 5 and 7 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 in the medium to long term to achieve an extra return over the Msci World Index.
In the High Return line, an in-depth study is carried out to choose instruments on the basis of their return, volatility, 'max drawdown' and 'recovery period' data over different time horizons.
Following the indications of a proprietary algorithm, rankings are drawn up according to market categories.
To achieve the line's objective, the instruments with the best positioning over the various time horizons are weighted in the portfolio by adjusting their respective percentages according to market conditions.
The instruments in the line and their weights are reviewed quarterly in accordance with the Investment Committee's recommendations.
The line may also make use of certificates or other predetermined-yield instruments in order to take advantage of market opportunities and optimise performance.

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