The objective of this fund is to realize long term capital growth, while generating stable returns by mainly investing in a diversified portfolio of debt instruments denominated in Romanian lei. The portfolio includes bank deposits, short-term and long-term bonds issued by governments, international institutions or corporates. We use both fundamental and quantitative research inputs to invest in a portfolio of bonds seeking to ensure preservation of capital, safety of principal as well as considering asset volatility during the investment process. The fund uses active management to target the most promising issuances and sectors considering our view on interest rate developments, outlook on different countries and our view on fixed income markets in general, with duration deviation limits maintained relative to the benchmark. The fund positioning can therefore materially deviate from the benchmark. Measured over a period of several years we aim to beat the performance of the benchmark Bloomberg Emerging Markets Local Currency Romania. The benchmark is a broad representation of our investment universe. The fund may also include investments into bonds that are not part of the benchmark universe. You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund does not aim to provide you with a dividend. It will reinvest all earnings.