KBC Bonds Emerging Europe EUR Capitalisation/  LU0145227863  /

The Central Europe sub-fund invests primarily in bonds issued in Central and Eastern European countries (with the exception of Russia). The bonds are always denominated in the local country currency, whereas the sub-fund is denominated in euros. The fund manager aims to achieve capital gains by taking advantage of movements in interest rates and in the exchange rates of the currencies of the countries selected. In Central Europe, the sub-fund is most heavily invested in Slovakia, the Czech Republic and Hungary. The fund manager may, within certain limits, deviate from the specified benchmark.