BCV Global Government Bonds Hedged is designed to generate long-term capital gains in accordance with a bond investment policy defined by the Banque Cantonale Vaudoise. This investment approach entails managing a portfolio of securities that are issued by governments, as well as international and supranational organisations. The sub-fund will primarily acquire bonds denominated in various currencies, issued by public-sector borrowers operating throughout the world of the highest quality. The proportion of the sub-fund's assets invested in collective investments and speculative securities (high yield) shall each be limited to a maximum of 10% of the sub-fund's total holdings. The currency risk with respect to the sub-fund's unit of account is substantially hedged in respect of the main investment currencies.