This Equity Fund is actively managed aiming to outperform the return of the MSCI Daily Net TR Europe Euro benchmark. The portfolio and the performance of the Fund can deviate from the benchmark. The Fund invests mainly in equities and equity-type securities. Investments in equities and equity-type securities of issuers domiciled in Europe will account for a larger proportion than investments in equities and equity-type securities of other issuers. The und can use derivatives to achieve the above aims. The investor can buy or sell shares of the Fund on a daily (Luxembourg bank business days) basis. This Share Class does not make regular distributions. The Fund shall bear the costs of standard brokerage and bank charges incurred by the Fund through securities transactions in relation to the portfolio. These charges are not included in the "Charges" section of this document.