So investiert der AZ Multi Asset Institutional T A EUR Fonds: The Sub-fund shall invest in shares and equity-related securities (particularly convertible bonds, warrants and investment certificates), officially listed on the stock exchange or on any other world market, regulated, duly operating, acknowledged and open to the public, and in bonds and money market instruments with a view to enhancing the value of its assets in the long term. The Company may in fact, at its own discretion and with a view to pursuing flexible management of the Sub-fund, invest from 0 to 100% of its net assets in equity securities and may, to the extent permitted, focus its investment choices on a limited number of global issuers, mainly of high standing. The remaining portion of the Sub-fund’s net assets shall be invested in bonds and in money market instruments. Furthermore, the Sub-fund may hold liquid assets.