Anlageschwerpunkt U ASSET ALLOCATION - Systematic Quality Defensive - MHD EUR DIS H

The Fund seeks to generate capital appreciation across the investment horizon mentioned below by investing in Exchange Traded Funds (ETF). The typical average allocation will be 70% in fixed income ETF and 30% in equities ETF. The investment process starts with a strategic asset allocation built to achieve the investment objective of the Fund. This is done using the long-term Investment Manager's view, which serves as a framework to determine the market exposure over the long run. The final stage of the investment process consists of security selection (to deliver excess return) and portfolio construction (to provide sufficient diversification in order to reduce specific risk). The Fund is actively managed, without any restriction as to the country of the issuer, including Emerging countries up to 49%.