Anlageziel

The primary objective of the Sub-Fund is to achieve capital appreciation. Generation of current income through the receipt of interest or dividends is only a secondary objective. The Sub-Fund invests its assets in undertakings for collective investment of recognised standing, or, through wholly-owned subsidiaries, in discretionary securities investment accounts managed primarily by independent investment managers acting pursuant to management contracts with such subsidiaries. The Sub-Fund makes such investments on the basis of the AIFM’s assessment of the ability of the investment managers managing such funds or accounts. These investment managers invest principally in securities of companies incorporated or organised in developed countries, but are not subject to restrictions on the types of securities or geographic regions in which they may invest.