Vontobel Fund – Global Equity (ex-US) (the Sub-Fund) aims to achieve the highest possible capital growth in USD. While respecting the principle of risk diversification, the Sub-Fund’s assets are invested mainly in shares, equity-like transferable securities, participation certificates etc. issued by companies worldwide except those based in the US. Up to 33% of the Sub-Fund’s assets may be invested out-side the aforementioned investment universe. The Sub-Fund may also hold cash.