The Investment Compartment’s investment objective is to generate income and capital gains primarily by assuming credit risk over a medium- to long-term horizon. To achieve its investment objective, this Investment Compartment follows the investment policy below:
The assets are primarily invested in selected high-yield corporate and treasury bonds with average to high credit risk. To a lesser extent, the Investment Compartment may also assume a small degree of equity risk in order to improve its expected return.
Based on the average valuation of assets per calendar quarter, the percentage of Investment Compartment assets invested in equities, bonds and deposits must be within the following ranges:
Equities : from 0% to 20%
High yield bonds : from 0% to 75%
High rated bonds : from 10% to 40%
Deposits and T-Bills : from 0% to 80%