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The investment basket invests mainly in European convertible bonds. The proportion of these investments in the investment basket can vary between 70-100% of the basket’s total value. The investment basket may also invest in other investment securieties. The equity investments, which may origin from conversions of convertible bonds or from direct equity investments, may in aggregate not exceed 10% of the investment basket’s total value. The investment basket’s equity exposure can vary between 0-100% of the investment basket’s total value. Convertible bonds’ and equity derivatives’ delta-adjusted weights are taken into consideration when calculating equity exposure.
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