The objective of the investment policy is to seek appreciation of capital in euro. To achieve thhe assessment of the fund management, the investments are switched between higher-risk investments (growth component) and lower-risk investments (capital preservation component). Higher-risk investments are, for example, equities, equity funds, higher-risk bonds and highis, the fund pursues a dynamic capital preservation strategy. Depending on the market situation and ter-risk bond funds. Lowerrisk investments are, for example, bond/money market funds or lower-risk bonds.