General Invest Alternative Debt Index
The Index reflects the performance of a virtual investment managed on the basis of a Strategy. This Strategy is determined by the Index Sponsor and the Index Sponsor is solely responsible for it. The Index Calculation Agent neither advises nor assists the Index Sponsor in connection with the preparation or implementation of the Strategy.
The Strategy of the Index Sponsor focuses on the selection of EMTNs, which are issued two times a month by the Management Company (Mikro Kapital Management SA, Luxembourg) of Mikro Fund and Alternative Fund. Loans from Mikro Kapital Sarl (Luxembourg) are used as collateral for these bonds. Mikro Fund and Alternative Fund are a Luxembourg funds, controlled by the Luxembourg authorities and are subject to Luxembourg law. The Index Sponsor may also select other alternative bonds, that are offered in the microfinance sector to generate a regular and high return. The Index Sponsor may also select other bonds (government related and Investment grade) that are not issued in the microfinance sector as well as money market alternatives.