Philosophy
1. Conservative
Maximisation of current income in the reference currency while preserving the vested capital over the medium term (i.e. 2-3 years). The Portfolio will have a 100% exposure to "investment grade bonds" (i.e. Rating from AAA to BBB-). There is no exposure to equities.
2. Yield
The objective is to provide yield with relatively short interest rate duration (i.e. 3-4 years) in the reference currency. This implies higher short term volatility in the vested capital than the Conservative profile. The portfolio typical asset allocation will have a maximum combined exposure of 50% in "emerging market" and "below investment grade" bonds. There is no exposure to equities.
3. Defensive
Capital appreciation by a combination of capital gains and income, with the objective of a long term return superior to the deposit rates in the reference currency. Maximum 25 % in equities.
Model Portfolio in US dollar, in euro.
4. Balanced
Capital appreciation by a combination of capital gains and income, with the objective of a long term return superior to the deposit rates in the reference currency. Though preserving capital is the second objective of this type of profile, this could not be achievable during an unfavourable period for financial markets. Maximum 50 % in equities.
Model Portfolio in US dollar, in euro.
5. Growth
Objective of long term returns substantially above that of deposit rates in the reference currency and this essentially through capital gains. Market fluctuations could entail significant losses.
6. Equity
The objective is to achieve long long-term capital gain. The asset allocation will be up to 100% in equity. Significant volatility and market fluctuation could entail significant losses.
7.Customized Portfolio
Reference to the specific conditions.
