BNP Paribas Global Absolute Return Bond Priv Cap EUR

The Product is actively managed. The benchmark €STR Capitalized is used for performance comparison only. The Product is not benchmark constrained and its performance may deviate significantly from that of the benchmark. The Product seeks to achieve returns that are higher than the Euro money market over a medium-term investment horizon of around 36 months by using an enhanced bond strategy aims to generate positive returns by utilizing a global, diverse opportunity set of fixed income and money market instruments (and derivatives related to these instruments), while maintaining a very liquid portfolio with low interest rate sensitivity. Most importantly, the Product is guided by the philosophy that no single investment sector, strategy, allocation or theme should dominate over time. It is based on active management based on a systematic and disciplined approach to securities selection, combining extra-financial research, financial research and quantitative analysis. Exposure to currencies other than the EUR will be less than 25%.The The Product may be exposed to1) Investment Grade bonds with a minimum of 40% of its assets, and2) Non-Investment Grade bonds (including High Yield Corporate bonds and structured debt) in a range between 0% and 60% of its assets.It may not be invested in equities.The Product may be invested through other UCITS and/or UCIs up to 10% of its assets.The Product may invest up to 20% of its assets in debt securities traded on the Bond Connect. The Product may be exposed to emerging markets up to 50% of its assets, including exposure to China.Contingent convertible bonds may represent up to 20% of the assets. The Product is managed with an interest rate sensitivity, as measured by effective duration, in the range of -4 to +4 years.Environmental, social and governance (ESG) criteria contribute to, but are not a determining factor in, the manager's decision making.Incomes are systematically reinvested.Investors are able to redeem on a daily basis

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No