Anlageziel

The Sub-Fund aims to achieve capital appreciation over the long term by investing in equities and equity related securities. Market risk of direct and indirect equity investments, will be considered in order to establish the suited equity exposure, looking to reduce the volatility of the return. The Sub-Fund will invest its assets only in equities or equity related securities listed on a Regulated Market, Another Regulated Market or any other stock exchange. These equities or equity related securities will be listed: (a) in Spain or Portugal; (b) and in any other OECD Member State and Brazil.