Anlageziel

The Sub-Fund’s investment objective is to seek increasing the value of the investor’s investment over time, providing a broad participation in the main asset classes in each of the main (both developed and emerging) capital markets of the world. The Sub-Fund will not have any benchmark, maintaining a flexible investment philosophy. The Sub-Fund's investment strategy is a flexible asset allocation strategy deployed through a topdown approach determining the most attractive asset types and geographical regions and the most attractive instruments in terms of risk/reward over mid-long term.