The Fund aims to track the performance of J.P. Morgan EMBI Global Diversified Select Index, and to minimize the tracking error between the net asset value of the sub-fund and the performance of the Index. The Index is a bond index representative of US dollar-denominated bonds issued by the governments or central banks of emerging countries. The Index includes bonds with the following eligibility criteria: - US dollar-denominated bonds with fixed coupons or with a step clause (ability to modify the coupons rate during the bonds duration, under conditions specific to each bond).