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BNP Paribas Asset Management launches two opportunity-based Funds for 2003

In a difficult market characterized by geopolitical uncertainties, it is important to seize the best investment opportunities. For this reason BNP Paribas Asset Management, one of Europe's leading mutual fund distributors, has launched two new management concepts: Parvest European Bond Opportunities and Parvest Europe Opportunities.

These funds, invested in European bonds and equities respectively, seek out the best investment opportunities, irrespective of indexes and management styles. Each has an absolute performance goal and combines an active but selective investment approach with rigorous risk control.

Parvest European Bond Opportunities invests in European bonds, most of which are rated BBB+ to B-. The fund manager specifically seeks out investment opportunities among bonds issued by major corporations whose rating has recently been downgraded but whose financial condition offers true growth potential. This innovative product, which is unique in the market, gives investors the potential to achieve an attractive return with controlled risk, backed by BNP Paribas Asset Management's recognized expertise in bond fund management (3 funds rated AA by S&P).

Parvest Europe Opportunities actively trades in European equities with few constraints. The investment objective is to seek the best opportunities regardless of management style (growth and income stocks) or size (large, mid, and small caps). The fund's management-pure stock picking with strong bets-has been delegated to Massachusetts Financial Services (MFS), a mutual fund pioneer in the United States that has recently received the Global Investor Award in the European equities category.

With Parvest European Bond Opportunities and Parvest Europe Opportunities, BNP Paribas Asset Management satisfies the needs of customers who are looking for funds that offer high returns in today's circumstances, and it is affirming its new organization based on open architecture.