The BCV Global Emerging Equity sub-fund invests in shares of companies having their registered office or carrying out a predominant part of their economic activity in emerging countries, according to the criteria of the World Bank, the International Monetary Fund, a major investment bank or a provider of representative indices of the market. Units of collective investment schemes are limited to a maximum of 10% of the sub-fund’s assets. Investment decisions are guided by financial objectives and criteria, while also taking into account environmental, social and governance (ESG) criteria in order to reduce ESG risks for financial purposes, without having a sustainability objective. The sub-fund is not managed based on sustainability factors.