The aim of the Subfund is to participate in the growth potential of the global financial markets on a broadly diversified basis.
The Subfund invests globally in all securities and markets, but the European fixed income and equity markets will be given a higher relevance in the asset allocation. That is, compared with the neutral global market capitalisation (the weighting of European equity and bond markets in global equities and bond indices) the sub-fund is focused on equities and equity rights/debt securities and debt claims of companies which are domiciled in Europe or are chiefly active in this region. This results in a bias towards the European equity and bond market. Since the Subfund will be actively managed, the weightings of the different asset classes in the Subfund may differ to those of the neutral position in any given moment.