The management objective aims to obtain over the recommended investment period of 3 years a net performance of fees higher than that of the reference indicator Ester Capitalized + margin (from 1.25% to 2.40% depending on the units) for the units expressed in Euro, Fed Funds + margin (1.25% to 2% depending on the units) for the units expressed in USD and SARON + 2.40% for the unit expressed in CHF, through dynamic management of interest rate risk, credit risk and foreign exchange risk, by investing mainly in risky debts issued by States, companies, financial institutions and financial structures.