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The objective of the sub-fund is (i) to achieve long-term growth by applying a strategy of assets selected for their financial quality, while at the same time having a high degree of management flexibility, both within the investment limits and in relation to the financial instruments used and (ii) to promote environmental and social characteristics. The objective of the Defensive sub-fund is to invest in all types of financial instruments. The portfolio will aim to invest at least half of its invested assets in "blue chip" equities, i.e. benchmark securities and/or securities representing the largest market capitalisations of the stock exchanges concerned. The sub-fund may invest a maximum of 30% of its assets in equities and/or equity UCIs.
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