Anlageziel

The objective of the investment policy is to achieve an attractive positive investment performance in the long term while taking into account the opportunities and risks of the global capital markets. An opportunistic management approach is used to attain this. The composition of the sub-fund portfolio is based on the assessment of the further development of individual asset classes and investment instruments from a risk-return perspective and may vary between, for example, a very interest-oriented investment and, for example, an exclusively equity-based investment with extensive use of derivatives. The sub-fund is actively managed and is not managed in reference to a benchmark.