Anlageziel

The Fund aims to provide capital growth by investing worldwide in fixed and floating rate securities and equity and equity related securities of companies which are distressed or in a turnaround situation. The Fund invests at least two thirds of its assets (excluding cash and money market instruments) in fixed and floating rate securities and equity and equity related securities of North American companies. The Fund may also invest these assets worldwide. The Fund seeks long and short exposure by investing in fixed and floating rate securities, equity and equity related securities and related derivatives and concentrates on maximising returns from companies which are distressed or in turnaround situations. Up to 50% of these assets may comprise physical short positions. The Fund aims to be diversified, by issuer and industry, by level in the capital structure and by stage in the restructuring process.