Anlageziel AZ Multi Asset Institutional Europe D A EUR Fonds

With a view to enhancing the value of its assets in the medium/long term, the Sub-fund shall pursue a policy of balanced portfolio with shares and bonds/money market instruments, all mainly denominated in Euros. The share part of the portfolio shall not exceed 70% of the Sub-fund net assets. No more than 40% of the Sub-fund’s net assets may be invested in financial instruments denominated in currencies other than the Euro. In respect of such securities, the Company usually hedges exchange rate risks.