Anlageziel

The Fund seeks to meet the needs of investors who are equally concerned with generating absolute returns as with generating relative returns. The Fund’s investment objective is to achieve capital growth exceeding the total return that would be obtained from investing 50% in the world’s equity markets and 50% in a global basket of risk free securities, without exceeding the volatility of such an investment. The Fund’s investment approach is to invest for the long term in a portfolio of major listed companies, selected through rigorous investment research from a global universe for their outstanding values relative to world stock markets. Stock market and currency exposures of selected investments are hedged as and when deemed appropriate. The Fund may sell short securities which are believed to be overvalued and vulnerable, but such short sales of individual securities are limited to 25% of the net assets of the Fund. The Fund may at times also seek to augment returns through exposure to fixed income and commodity markets.