The management of Undertakings for Collective Investment in Transferable Securities (UCITS) is subject to the strict organization of our activity:


We receive market information in real time via GL Trade, an on-line financial market tracking system. This is broadcast to four workstations within our offices. This is the same system as the one found at international trading desks and provides us with access to all stock, bond, currency and futures prices, information from the AFP and Reuters, as well as all the technical data needed for decision-making.
 
Every day we receive up-to-date economic studies and analyses from several French and foreign stockbrokers relating to securities as well as the industrial sectors.
 
GIFAO INVESTISSEMENT S.A. also maintains direct contact with various companies in order to keep up with their progress in relation to our investment decisions.
 
We regularly hold Management Committee meetings with the members of our Supervisory Board in order discuss the economic outlook of the markets.
 

GIFAO INVESTISSEMENT S.A. : 15, rue des Francs Bourgeois - BP 37 - 67060 STRASBOURG CEDEX
Tel: +33 (0)3 88 75 55 50 - Fax: +33 (0)3 88 22 47 85