Anlageziel

The investment objective of the Sub-Fund is to achieve positive returns in all market conditions over any 12- month period from an actively managed diversified portfolio. In order to achieve its objective, the Sub-Fund will mainly invest – directly in the asset classes mentioned in the previous paragraph (except for commodities and precious metals) and in the share capital of listed companies whose business is related to these asset classes and/or – in undertakings for collective investment (UCIs) including other Sub-Funds (within the below limit of 10% in UCIs) and/or – in any Transferable Securities (such as structured products) linked (or offering an exposure) to the performance of the above-mentioned securities/asset classes.