The objective of the sub-fund is to use discretionary management to benefit from the positive performance of the financial markets via a flexibility of investments in bonds, and to outperform the benchmark. This sub-fund may be appropriate for investors who wish to achieve this objective over a medium investment holding period and who are aware of, understand and are able to bear the specific risks of the sub-fund as set out below and defined in the section entitled Risk factors in the Prospectus. This sub-fund sets an optimum allocation in the bond segments with an absolute return target at the recommended investment horizon. This does not, however, constitute a guarantee. The sub-fund takes into account an analysis of ESG criteria as set out in the Investment policy section of the Prospectus.