So investiert der AZ Fund 1 Global Macro A-AZ Fund Acc Fonds: The Sub-fund is seeking a significant enhancement of its assets value in the medium term. The Subfund will pursue a macro-economic asset allocation strategy on the basis of a quantitative analysis model. The Sub-fund aims at pursuing a long-short strategy, able to generate a return via the systematic investment in shares or bonds that are deemed to be underestimated according to a quantitative analysis model. This must be added to the simultaneous creation of “short” positions on equity or bond indexes. “Short” positions may not be compensated by asset classes, by geographical area and by amount by “long” positions that were taken over shares or equity indexes or bonds or bond indexes .