Flossbach von Storch - Global Quality IT

The objective of the sub-fund is to achieve reasonable growth while taking into consideration the risk involved for the investors. The investment focus is on equities issued by companies that achieve reliable above-average growth, are highly profitable and stable and are led by entrepreneurial management teams. Equities in companies may also be considered if they are expected to have extraordinary price potential based on specific criteria or situations. Such special situations may occur due to the performance of the market as a whole, an industry or an individual company. This also includes promising new issues. The sub-fund is actively managed. The fund manager chooses, regularly reviews and, if necessary, adjusts the composition of the portfolio exclusively in accordance with the criteria specified in the investment policy. The MSCI World Net Total Return Index is used as a reference for comparing the performance of the sub-fund.