So investiert der AZ Fund 1 - AZ Equity - Small Cap Europe FoF B-EUR (ACC) Fonds: The Sub-fund's investment objective is to achieve long-term capital growth. The Sub-fund is a fund of funds which aims to achieve its investment objective by actively managing a portfolio primarily made up of units of UCITS and/or of other UCIs whose objective is to invest in equity and equity-related securities issued by companies which have their head office and/or do the majority of their business in Europe, with a particular focus on small and mid-cap companies.