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. The Investment Compartment may acquire a high degree of exposure to a foreign currency in order to improve the 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 15%
High yield bonds : from 10% to 80%
High rated bonds : from 10% to 35%
Deposits and T-Bills : from 0% to 80%