Placement Melts of guaranteed: FUNDS SEDENTARYRate to the 31/12/2005 4,41% Net (Except social taking away) The search for a regular and definitively acquired output. Funds Guaranteed with for goal to guarantee safety to you. The structure of its wallet is characterized by a very strong proportion of obligations (about 90%) and the choice of investments privileging the placements of great quality. A remuneration optimal and guaranteed.10.000 €uros invested on the Funds Guaranteed open since the 01/01/1977 became to the 31/12/2005: 123.895 €uros (before social taking away).Advantages: - GUARANTEED RATE The insurance company, partners of the AFER, jointly guarantee to you an evolution of your saving in the Funds Guaranteed corresponding to the maximum authorized by the authorities..Obviously, the entirety of the financial results Nets obtained each year are allowed to you. - FINAL ATTRIBUTION OF THE RESULTS, THE PAWL EFFECT : When a exercise is finished and that the financial allocation of profit were registered in the Funds Guaranteed, it cannot be reinvested any more. This system enables you to put your saving at the shelter of the stock exchange risks. It functions indeed like a pawl. An obvious demonstration in was brought on several occasions since the installation of the AFER, in particular at the time of certain stock exchange crashes.