AZ Allocation - Global Balanced A-AZ FUND USD (ACC)/  LU1232075058  /

The Sub-fund's investment objective is to achieve regular returns and medium and long-term capital growth. The Sub-fund aims to achieve its investment objective by actively managing a diversified portfolio of equities as well as debt securities issued worldwide. The Subfund actively manages the allocation between equities and debt securities, based on the risks and return expected for these two asset classes. The bottom-up selection procedure for equity and equity-related securities could favour companies with the lowest volatility in each main economic sector. The Sub-fund invests between 25% and 75% of its net assets in equities issued by companies worldwide, of which up to 20% of its net assets in emerging countries. The Sub-fund may also invest up to 75% of its net assets in debt securities and money market instruments issued by governments, supranational institutions and/ or governmental authorities of developed countries and/or companies headquartered or predominantly doing business in a developed country. The Sub-fund may also invest up to 30% of its net assets in debt securities with a sub-investment grade rating.

The Sub-fund's investment objective is to achieve regular returns and medium and long-term capital growth. The Sub-fund aims to achieve its investment objective by actively managing a diversified portfolio of equities as well as debt securities issued worldwide. The Subfund actively manages the allocation between equities and debt securities, based on the risks and return expected for these two asset classes. The bottom-up selection procedure for equity and equity-related securities could favour companies with the lowest volatility in each main economic sector.