So investiert der BNP Paribas A Fund European Multi-Asset Income Privilege MD EUR-Distribution Fonds: The sub-fund seeks primarily to provide regular income in the form of dividend and, on a secondary basis, to generate capital growth by investing in different asset classes in Europe.The sub-fund invests in different asset classes including European equities (including emerging, high income, and small cap equities), European real estate securities, European corporate bonds, European high-yield bonds, European government bonds, European convertible bonds and cash instruments so far as they fulfil the requirements of Appendix 1 of the Book I of the Prospectus. The sub-fund aims to invest directly in these different asset classes, but may also invest indirectly in these asset classes through investment in other UCITS and/or UCI of up to 10% of its net asset value. An essential feature of the investment policy is that the allocation between different asset classes and within each asset class in the portfolio are reviewed, monitored and dynamically adjusted.