The Subfund seeks to ensure balanced growth of its assets. At least 80 per cent of the net assets of the INVL Global Emerging Markets Bond Subfund are invested in those debt securities of governments, municipalities and companies in emerging countries (securities exchanges and markets) that credit analysis shows to be the most promising. The Subfund combines riskier investments (corporate bonds) and safer ones (government and municipal bonds) in order to protect the value of assets and ensure a stable return on the Subfund’s investments. The Subfund’s assets are invested in global emerging markets, but there are no limitations on investments in terms of industry or other market sectors or in terms of specific asset classes.