| Investment grade bond assets | |
|---|---|
| Investment grade corporate bonds |
Euro-denominated issues
USD-denominated issues |
| Government bonds | Liability-matched OATs |
| Cash | Cash |
| Investment grade share of unlisted assets |
2/3 of infrastructure
1/2 of real estate 20% of acquisition debt 45% of corporate debt |
| Performance assets | |
|---|---|
| Equities |
Developed market equities (including 50% in the eurozone)
Emerging market equities Option-hedged developed market equities |
| Performance assets |
Emerging market bonds in USD and local currencies
Euro- and US dollar-denominated high yield corporate bonds |
| Unlisted assets, performance share |
100% of private equity
1/3 of infrastructure 1/2 of real estate 80% of acquisition debt 55% of corporate debt 100% of mezzanine debt |