Investment philosophy

The aim of the fund is to exploit investment opportunities situatively and opportunistically. The degree to which the fund is invested is extremely flexible and can range from zero to 100%. The value approach is foremost but applies not only to equities but to all asset classes. In principle, the investment horizon is long term. However, the outlook for the different asset classes and sub-segments is reviewed at regular intervals. Investments are then executed on the basis of target funds or a basket of individual securities. Derivatives can be used to increase the potential rewards or to reduce risk. If no clear opportunities are discernible, the fund can maintain high levels of cash for prolonged periods.

Key data