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AXA WORLD FUNDS A LUXEMBOURG INVESTMENT FUND ...

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Name of the Sub-Fund<br />

Appendix 24: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON SWITZERLAND<br />

<strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON SWITZERLAND<br />

(Previously named <strong>AXA</strong> World Funds – Swiss Equities)<br />

Management Company <strong>AXA</strong> Funds Management S.A. (Luxembourg)<br />

Investment Manager <strong>AXA</strong> Investment Managers Paris<br />

Sub-delegation None<br />

Promoted by <strong>AXA</strong> Investment Managers<br />

Objectives and Investment Policy<br />

Investment objective:<br />

The objective of the Sub-Fund is to achieve long-term capital growth. Typical investors would seek longterm<br />

capital growth measured in CHF from an actively managed portfolio of listed equity, equity related<br />

securities and derivatives instruments on such securities.<br />

Investment policy:<br />

The Investment Manager will seek to achieve the objectives of the Sub-Fund by investing in companies<br />

domiciled in Switzerland. The portfolio will comprise a selection of large and well-known Swiss blue chips.<br />

The Sub-Fund may also invest in mid cap and small cap companies.<br />

Notwithstanding the limits set forth in the section “Investment Restrictions” of the Prospectus, the Sub-<br />

Fund may not invest more than 5% of its net assets in UCITS and/or other UCI.<br />

For efficient portfolio management purposes, this Sub-Fund may also expose itself to such companies<br />

through the use of derivative instruments within the limits set forth in the section “Investment<br />

Restrictions”.<br />

The Reference Currency of the Sub-Fund is CHF.<br />

Risk Profile<br />

This Sub-Fund is mainly invested in equity for which there is high risk of invested capital loss.<br />

Special Risk Consideration<br />

Risks linked to investments in specific countries or geographical zones: Sub-Funds concentrating their<br />

investments in certain countries or geographical regions are therefore subject to the risks associated with<br />

concentrating investments in regions. This type of strategy may lead to adverse consequences when<br />

target markets drop or encounter liquidity issues.<br />

Investment Horizon<br />

This Sub-Fund is appropriate for investors who do not withdraw their money for eight years.<br />

For more details about risks, please refer to general part of the Prospectus, sections entitled “General<br />

Risk Considerations” and “Special Risk Considerations”.<br />

138

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