The investment objective is to seek maximum capital appreciation without undue risk, taking into consideration liquidity of the assets and security of the joint capital of the company.
This sub-fund actively invests in companies with medium market capitalizations and domiciled in Europe or carrying out the major part of their production or sales activities in Europe. The sub-fund invests mainly in companies, with market capitalizations between EUR 2 billion and EUR 12 billion at the time of investment. The objective is to achieve an excess return over its benchmark, the MSCI Mid Cap Europe (net dividends reinvested) over a 1 year cycle. Investments in unlisted equities which are to be listed within a year from the time of the purchase are limited to 10% of the fund’s NAV.