The Purpose Of The Market Is To Select Investment Service Providers Who, Within The Framework Of A Discretionary Management Mandate, Will Be Responsible For Creating And Managing One Or More Dedicated Funds For The Frr. This Fund(S) Will Be Constituted In The Form Of A Specialized Professional Fund. This Fund(S) Will Have The Management Objective Of Seeking An Annual Performance Superior To Its Benchmark Index Over The Duration Of The Market. This Benchmark Index Will Have Substantially Similar Characteristics To The Ice Bofa Euro High Yield Eu Members & Western Europe Issuers Index (Heec Index Bloomberg). This Fund(S) Will Have The Strategy Of Investing In Bonds And Other Debt Securities Issued In Euros In The High Yield Category.
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