Lux Investment Advisors started in April 2006 is an independent management company, and a subsidiary of Banque et Caisse d'Epargne de l'Etat Luxembourg. LIA is in charge of the management of the LUX range of funds, and assumes all the activities of a management company. The firm performs discretionary management of institutional portfolios and investment advice as well as risk management. LIA targets� long term risk adjusted returns, respecting qualitative criteria for the underlying assets.