Full prospectus

It is obligatory for a UCITS to issue a full prospectus approved by the French Financial Markets Authority before any marketing of the fund takes place. The prospectus must give all information relating to the management of the UCITS and the conditions under which it operates. This document is composed of :

- a detailed prospectus setting out the investment rules and the rules of operation of the UCITS as well as the terms and conditions of payment to the asset management company and the custodian,
- a simplified prospectus comprising a statutory section and a section for statistics giving essential information necessary for the management decision,
- regulations and articles of association of the UCITS.

Fund of funds

Any fund investing more than 10% of its assets in other fund is a fund of funds (UCITS of UCITS)

Fundamental asset management

Fundamental asset management assumes that a fundamental analysis has been carried out of the securities in the portfolio or those to be selected. It involves comparisons (of time and in relation to the sector of activity) and above all a study of financial prospects according to the characteristics of the company and its economic environment (i.e. in the context of the company strategy).

Futures

Futures are forward contracts traded on an organised market that allow investors to commit to buying or selling a given product (equities, bonds, raw materials, etc.) on a specified future date, at a pre-determined price and quantity. These contracts are traded exclusively on official and regulated markets.