Anlageziel

The investment objective of this sub-fund is to generate long-term capital growth by taking higher than average risk combined with a willingness to accept a significant degree of fluctuation in the asset value of the sub-fund’s single positions. A capital guarantee is not provided. This sub-fund invests pursuant to an active investment strategy and thereby makes no reference to an index/reference value. Bonds or other securitized debt securities are permitted to be purchased for the sub-fund directly or indirectly through other investment funds, together with money market instruments and cash deposits, for up to 30% of the assets of the sub-fund. In addition, equities and equity-equivalent securities are permitted to be purchased directly or indirectly through other investment funds from 70% of the assets of the sub-fund to up to 100% of the assets of the sub-fund.