Performance funds/ETFs

To provide medium term capital appreciation. The sub-fund is actively managed between different asset classes, following a strategic and a tactical allocation decided by the Investment Committee. The fund allows to be exposed to asset classes, geographical areas, market capitalizations and styles through different investment managers selected for their competences in a specific strategy. The sub-fund may invest in bonds, equities, money market instruments through direct investments, financial derivative instruments, as well as undertakings for collective investments (including exchange traded funds. The sub-fund may on top be exposed to commodities and gold markets, with a maximum exposure of 10%.