MAGELLAN I/  FR0011238344  /

The management objective is to seek a performance unrelated to an index, with a medium/long term outlook, through a selection of securities based on criteria related to the company and not to the stock markets of emerging countries. The product is permanently invested and/or exposed to a minimum of 60% in shares issued by companies with their registered offices or that conduct the majority of their activities in emerging countries, with strong economic growth potential compared to the average for large industrialised countries. The product may hold up to 20% of its assets in debt securities and money market instruments. These will be convertible bonds issued by listed companies (private debt) that may not have a rating and are exposed to stock markets in emerging countries and, for cash management purposes, bonds and money market instruments issued by private issuers or governments of the Member States of the European Union. It may invest in derivatives in order to hedge its exposure to equity and currency risks. This product is actively managed. The manager selects securities at his discretion, with no restriction on geographical, sectorial or market capitalisation distribution (large, mid and small caps) or restriction related to an index. The fund is not managed in relation to an index, however its performance may, for information purposes only, be compared with the performance of the MSCI Emerging Markets.

The management objective is to seek a performance unrelated to an index, with a medium/long term outlook, through a selection of securities based on criteria related to the company and not to the stock markets of emerging countries. The product is permanently invested and/or exposed to a minimum of 60% in shares issued by companies with their registered offices or that conduct the majority of their activities in emerging countries, with strong economic growth potential compared to the average for large industrialised countries. The product may hold up to 20% of its assets in debt securities and money market instruments. These will be convertible bonds issued by listed companies (private debt) that may not have a rating and are exposed to stock markets in emerging countries and, for cash management purposes, bonds and money market instruments issued by private issuers or governments of the Member States of the European Union. It may invest in derivatives in order to hedge its exposure to equity and currency risks.