Management units

• The management unit is defined as a sub-part of a portfolio to which a single asset class will be assigned
• Each management unit has its own cash accounts, which themselves are part of the portfolio’s current accounts
• This organization of the portfolio into management units allows among other things :
  • to measure the performance of each asset class linked to a management unit
  • to perform a strategic asset allocation based on the amounts allocated to each management unit
  • to perform a tactical asset allocation based on the cash balances of the management units