The Fund is a long-only global equity fund. The sub-fund is highly diversified and invests in approx. 1000 equities. The objective of the investment policy is to achieve sustained capital appreciation that exceeds the benchmark (MSCI World (NDR) (USD)). In order to achieve this, the Fund invests primarily in equities of international issuers. In this context, the selection of individual investments is the responsibility of the fund management. The Fund is oriented to the benchmark. It does not track it exactly but attempts to exceed its performance and can therefore deviate substantially, both positively and negatively, from the benchmark. The Fund is subject to various risks.