NEAM S.A. (Nord Est Asset Management S.A.) is a Luxembourg management company, expression of the Italian banking group "Gruppo Cassa Centrale -Credito Cooperativo Italiano". It is the management company of NEF, a UCITS Umbrella Fund with 18 sub-funds. NEAM does not manage directly the NEF sub-funds’ assets as it has been chosen to entrust this role to the leading asset management companies. The Fund’s investment objectives are capital appreciation and, for some sub-funds, investment income optimization. NEF is a Luxembourg domiciled Fund created with the purpose of providing a quality solution to the savings needs of the clients of banks deeply rooted on the territory. NEF gives to investors the possibility to create a strongly differentiated portfolio based on individual objectives. A large number of sub-funds allows an asset allocation across meaningful investment options by choosing among specific economic sectors, geographical areas and product types. NEAM S.A. Management Company of the NEF Fund, was founded on May 19th, 1999 for an unlimited period with the only purpose of managing the activity of the UCITS Fund.