The sub-fund seeks to replicate (with a maximum tracking error* of 1%) the performance of the iSTOXX MUTB Japan Quality 150 NR index (Hedged in EUR) (the « Index») by investing in a substitute basket, composed of, inter alia, shares of companies, debt securities or cash (synthetic replication). When investing in a basket of securities called substitute basket the performance is swapped with the performance of the Index, generating counterparty risk.
Income are systematically reinvested.
Investors are able to redeem on a daily basis (on Luxembourg bank business days).
This share class aims at hedging its currency exchange risk against the Fund's portfolio exposure currency. However, the currency exchange risk cannot be completely neutralized as the hedging technique is based of the Fund's NAV.