Flossbach von Storch - Multiple Opportunities II IT

The objective of the investment policy of the sub-fund is to achieve reasonable growth in the Sub-Fund's currency while taking into consideration the risk involved for the investors. The investment strategy is defined based on fundamental analyses of the global financial markets. Depending on the market situation and appraisal by the fund management, the sub-fund generally has the possibility to invest in equities, bonds, money market instruments, certificates, other structured products (e.g. reverse convertible bonds, warrant-linked bonds, convertible bonds), target funds, derivatives, cash and fixed-term deposits. The certificates will be for legally permitted underlying instruments, such as equities, bonds, investment fund units, financial indices and currencies.