The investment objective is to track the evolution of the MSCI Europe Net Total Return Index (Bloomberg code: M7EU) representative of the large and mid cap equity performance of European developed markets ("Benchmark Index"). The tracking-error calculated over a period of 52 weeks shall be maintained below 1% and, if greater than 1%, below 5% of the Benchmark Index volatility. The Fund seeks to achieve its objective by (i) entering into an over-the-counter swap contract (financial derivative instrument, the "FDI") and (ii) investing in a diversified portfolio of international equities, whose performance will be exchanged against the performance of the Benchmark Index via the swap contract. The Fund is eligible to the French Equity Saving Scheme (PEA), and as consequence, a minimum of 75% of the Fund assets are invested in diversified equities issued in the European Union. The Fund currency is the Euro. Invested financial instruments: FDI, international equities, UCITS Funds, other financial instruments. Recommended Investment Period: This Fund may not be appropriate for investors who plan to withdraw their money within less than 5 years. Classification: Equities from countries of the European community. Dividend policy: Distribution.Net Asset Value is daily calculated providing that the relevant stock exchanges are open for trading and orders can be covered. Investors are able to redeem their units on the primary market every valuation day before 15:30 CET and sell their units on the secondary market at any time during trading hours on the Fund listing places.