The fund pursues a total-return strategy with the aim, while taking the investment risk into account, of earning as high a long-term value growth in Euro as possible. Its global multi-asset strategy invests, via securities, listed standard futures and structured products, in global bonds, equities and raw-material markets. The asset allocation is derived via a quantitative model from the macroeconomic environment. The risk contributions of the individual asset classes are noted explicitly in the portfolio construction. The active management of the strategy is oriented only towards the investment goals and is not restricted by a benchmark. The envisaged performance is 4% – 5% per annum with a target volatility in the order of 6% – 7% per annum.