Anlageziel AZ Fund 1 Italian Trend A-AZ Fund Acc Fonds

With a view to maximise returns over a medium to long term, the Sub-fund shall invest in shares and equity-related securities (including convertible bonds, warrants, investment certificates) mainly issued by Italian issuers and, up to a maximum of 45%, by other non-Italian issuers. Investments shall be made in financial instruments listed on the stock exchange or on any other regulated market, duly operating, acknowledged and open to the public in Italy and up to a maximum of 45% in a stock exchange or any other regulated market, duly operating, acknowledged and open to the public of other countries.