Anlageziel

The objective of this sub-fund is to achieve long-term capital appreciation by means of a diversified portfolio, while still maintaining a lower level of volatility than the equity markets. The weighting associated with equity markets may vary between 25% and 75% of net assets. Emphasis is placed on international diversification of investments and flexibility with regard to the themes and sectors that may potentially exist within the sub-fund. The sub-fund's name "BL FUND SELECTION - SMART EVOLUTION" reflects this flexibility both in terms of asset allocation and the choice of underlying assets according to market opportunities and circumstances.