The Sub-fund’s investment objective is to invest its net assets
in other target funds (the “Target Funds”) of the open - ended
type which primarily invest in equities, bonds, cash or other
Transferable Securities. In addition, the Sub-fund may also
seek to capture market opportunities, notably by investing in
country-specific or industry-specific funds, including open-ended
Exchange Traded Funds. Thus, the Sub-fund is a fund of funds.
The Sub-fund can choose between a very wide range of
investment funds in order to compose a portfolio which offers
the ideal mix of risk and return. The composition of the portfolio
depends on the market expectations of the investment manager
and will reflect the recommended asset composition at any time
for Investors with a certain risk profile.