The fund aims to generate reasonable capital appreciation through the acquisition of assets that are expected to generate income and/or growth.The investment policy of the sub-fund is opportunity-oriented. The sub-fund invests at least 51% of the sub-fund's net assets in equities andequity-like securities of small and medium-sized companies (small caps) with a market capitalization of less than EUR 5 billion. Investments in equities are made worldwide and can also be made without restriction directly in emerging markets.