The WSTV PROGRESSIV fund is a benchmark-oriented fund of funds that invests globally in equity funds. The regional tactical asset allocation is intended to optimise risk and returns; investments in emerging markets for up to 20% of the fund's assets can be added. Up to 10% of the portfolio is invested in alternative investments (including commodities) in order to achieve better risk diversification. Up to 20% of the assets denominated in foreign currencies are hedged. The fund is suitable for long-term capital appreciation.