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AXA WORLD FUNDS A LUXEMBOURG INVESTMENT FUND ...

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Appendix 6: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON EUROZONE RI<br />

Name of the Sub-Fund <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON EUROZONE RI<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.<br />

Typical investors would seek long-term capital growth measured in Euro from an actively managed<br />

portfolio of listed equity, equity related securities and derivatives instruments.<br />

Investment policy:<br />

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

companies domiciled in Eurozone. The Investment Manager will select companies which combined<br />

financial performance and meet responsible investment criteria requirements on the 3 pillars:<br />

Environment, Social and Corporate Governance.<br />

The Sub-Fund will invest essentially in equities issued by companies which are domiciled or which<br />

exercise the preponderant part of their economic activities in the Eurozone and not more than 10% of its<br />

assets in companies not based in such area including emerging markets.<br />

The Sub-Fund may invest not more than one third of its assets in Money Market Instruments.<br />

There is no formal restriction on the proportion of the Sub-Fund's assets that can be invested in and/or<br />

exposed to any one particular market.<br />

The Sub-Fund will invest not more than 10% of its net assets in units of UCITS and/or other UCIs � .<br />

For efficient portfolio management purposes, this Sub-Fund may use derivative instruments within the<br />

limits set forth in the section “Investment Restrictions”.<br />

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

Liquidity risks linked to investments in small and micro capitalisation universe: Investing in the small and<br />

micro capitalisation universe implies specific liquidity risk.<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 />

� Such paragraph shall take effect as from 1 st October 2012.<br />

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