With effect from 16 July 2007 :
Change of name of the Sub-Funds of the France Luxembourg SICAV :
The investment policy of Europe Defender Fund will be changed. At present, the Sub-Fund was invested in value European equities linked to the property sector. The stocks of the portfolio, managed by Arnaud Tourlet, will be selected according to the following criteria : asset quality, profitability, cash flows, undervalued stock price and clear growth earnings.
The fund management will be focused on discounted and defensive stocks with assets such as concessions, brands, market shares, oligopolies, real estate, discount holdings…
