Risk profile: Low
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 3% with a time horizon of 1 month and 95% confidence interval

The line aims in the short term to achieve returns above the market average with low volatility. Financial instruments are selected on the basis of their ability to consistently beat market returns over the years. The selected products are subject to quarterly review according to criteria established by the investment committee.

The line may also use capital-guaranteed certificates or other predetermined-yield instruments for the purpose of containing volatility and/or consolidating 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.