The investment objective of the sub-fund is to replicate the performance of the J.P. Morgan Government Bond Index Global (GBI Global), including fluctuations, and to maintain the Tracking Error between the sub-fund and the Index below 1%. The Index aims to track the performance of eligible fixed-rate and zero-coupon government bonds issued by developed countries, denominated in local currencies. The manager of the sub-funds portfolio will be able to switch between the two index replication methods, to ensure optimum management of the sub-fund.