The aim of the fund is to achieve an excess performance relative to S&P 500 Index (the benchmark). This may lead to investments in smaller and/or unlisted companies.
This fund invests its net assets mainly in common and preferred stocks including ADR’s, warrants on transferable securities and rights convertible into common stocks from companies domiciled or which are chiefly active in US. The Fund aims at an active equity portfolio, which invests in a narrow selection of shares out of the investment universe. The focus is on consequent price/value ratio and follows a global, disciplined investment process. The research is based on a worldwide network of analysts. The portfolio construction process is done by a team of strategists, which integrate the analyst’s findings in the portfolio construction process.