English to French Other Finance (general) Startégies d\'investissement dans les marchés émergents

A tiered portfolio construction enables the fund to navigate in different cycles

Categories
Geographic diversification
–Asia ex Japan: 30 to 80% of total assets
–EEMEA: 0 to 30% of total assets
–Latin America: 10 to 50% of total assets
–Global Players: 0 to 20% of total assets.
Investment categories diversification
–Acyclical Leaders: up to 80% of total assets
–Sustainable Cyclicals: up to 50% of total assets
–Events: up to 35% of total assets


Holdings
Positions are sized according to volatility, liquidity and conviction
Positions are built over time, depending on liquidity, risk and valuation.


Targets at book level
Volatility target: lower than that of MSCI Emerging Markets over time
Liquidity target: at least 30% of book within one day and close to 60% of book within five days (without representing more than 20% of daily volume).