The objective of the investment policy of the Fund is to generate a return in euro. The fund shall invest at least 70% of the portfolio in equities, bonds and money market instruments, whether or not negotiated on a regulated market or on a multilateral trading facility, issued by, or entered into with companies that are resident in Italy, or in an EU or EEA Member State and have a permanent establishment in Italy. As part of the 70% the fund can also invest in investment funds which are compliant with the PIR law. At least 17.5% of the fund’s portfolio of these above mentioned financial instruments, shall be issued by companies which are not listed in the FTSE MIB index or in any other equivalent large cap indices. At least 3.5% of the fund’s portfolio of these above mentioned financial instruments, shall be issued by companies which are not listed in the FTSE MIB index or in the FTSE Mid Cap index, or in any other equivalent indices of other regulated markets.
