The objective of the Fund's management is to outperform its index of benchmark Eurostoxx 50 Net Return (denominated in euros, coupons reinvested net of tax) over the recommended investment period of 5 years, via the selection of European equities in order to seek a valuation of the long-term capital. The Fund is actively managed with reference to its index and does not imply any constraint in terms of composition of the portfolio which is left to the discretion of the manager. In order to achieve this objective, at least 75% of the Fund is permanently invested in European equities and similar securities.