Placement Afer Eurosfer: Rate to the 31/12/2005: 23,40%

100% OF ACTIONS OF THE ZONE EURO, A MANAGEMENT INDICIEL FOR A LONG-TERM PERFORMANCE.

CPF AFER-EUROSFER invested at 100% on the greatest European values which make index D.J. EURO STOXX 50. Its goal is to retort the performances of this index.

AFER-EUROSFER is not composed of a guaranteed minimum, nor of effect pawl, only the number of shares is guaranteed. Its value reflects, with the rise as with the fall, the fluctuations of the financial markets.

Of a taking risk more raised, it will be appropriate to the people who seek the performance on the long term.


A GUARANTEE FLOOR DEATH INCLUDED AUTOMATICALLY:

In the event of death before your 75e birthday, the amount of the premiums poured in option AFER-EUROSFER are guaranteed. The saving poured with the recipients, could not be lower than the amount of the payments invested in AFER-EuroSFER deduction made of the possible arbitrations or withdrawals even if the death intervenes in period of fall of the actions.


Composition:   

Invested at 100% on the most important values of the zone EURO composing index D.J. EURO STOXX 50, the goal of management of AFER-EUROSFER is to follow the evolutions of this index.

100% of actions of the zone Euro, a indicielle management for the research of the long-term performance.

Available for the members having subscribed a Multisupport Contract AFER, CPF EUROSFER is a OPCVM which was approved by the COB the 03/07/98

Complete information and the last periodic document are available on request at GIE AFER.

CPF AFER-EUROSFER does not have a rate guaranteed nor pawl effect. It is appropriate to the people who seek the output on the long term, while investing on the potential of the economic zone where the population and the development of richness are highest in the world, and which accepts for that the risks of fluctuations of the markets of actions.