Anlageziel

The investment objective of the fund is to achieve a positive return regardless of market conditions (absolute return). The fund mainly invests, either directly or through derivatives, in equities and in government and corporate bonds. These investments may be from anywhere in the world, including China, Russia and other emerging markets, and some may be below investment grade. Specifically, the fund normally invests in equities and equityrelated instruments and in debt and debt-related instruments, including convertible bonds and money market instruments. Some of these investments may be below investment grade with a minimum rating of B-/B3.