Zest Mediterraneus Absolute Value R EUR

Objectives and investment policy The Sub-Fund aims to seek a consistent, absolute return while placing emphasis on the preservation of capital in the medium term. In order to achieve its investment objective, the Sub-Fund intends to invest mainly in long and synthetic short positions on equity and equity related securities (including, but not limited to, ADR/GDR, convertible bonds, equity linked notes, low exercise price warrants and warrants on equities) of issuers, that are incorporated under the laws of, and/or have their registered office in, and/or that derive the predominant part of their economic activity from European countries even if listed elsewhere. The Investment Manager will provide a broad diversification through the asset class with a view to exploit pricing anomalies which occur from time to time, and which can be reasonably expected to be reversed within an investable period. The Sub-Fund will also take net long or net short positions without any corresponding hedges. The Sub-Fund will pursue its strategy via a rigorous stock picking process. The Sub-Fund may allocate up to 100% to equities and equity related securities, being understood that investments in ADR/GDR may represent a maximum of 10% of the Sub-Fund's net assets. On an ancillary basis, the Sub-Fund may be invested in assets other that those referred to in the core policy, such as debt instruments (issued by corporate or state issuers), fixed income securities, money market instruments, according to the Investment Manager's expectations. The allocation will be done either directly or indirectly through other UCITS and/or UCIs. Those investments will be limited to 10% of the Sub-Fund's net assets. The Sub-Fund can be exposed to Investment Grade debt securities and Non-Investment Grade debt securities. Furthermore, the Sub-Fund can be exposed to Distressed and Defaulted Securities: through direct investment in debt securities; and/or in the event of downgrading in the credit ratings of a s

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No