So investiert der Coutts Multi Asset Global Defensive Fund B CHF Accumulating Fonds: The Fund aims to increase in value over the medium term through a diversified portfolio of investments. The majority of the Fund will be invested in bonds. The return will reflect income received with some potential for capital appreciation. The Fund will invest in a mix of investments (e.g. equities and bonds) from a combination of developed and emerging markets, which are best placed to meet the overall objective of the Fund. The Fund will mainly invest in bonds (a loan, usually to a company or government, which pays interest) and some equities. Other investments may include indirect exposure to property and commodities, derivatives, ancillary liquid assets and cash.