AZ Allocation - PIR Italian Excellence 70% AP AZ FUND (ACC)/  LU1621765103  /

The Sub-fund's investment objective is to achieve medium and long-term capital growth. The Sub-fund aims to achieve its investment objective by actively managing a portfolio made up of equities and/or bonds issued by Italian companies. During each calendar year, the Sub-fund invests at least 70% of its net assets, directly or indirectly, through investments in units of UCITS and/or other UCIs (PIR), in equities and/or bonds, be they traded on regulated markets or multilateral trading facilities, issued or entered into with undertakings engaged in activities other than real estate resident in Italy. The Sub-fund invests at least 21% of its net assets in financial instruments of companies other than those included in the FTSE MIB index of the Italian Stock Exchange, and at least 3.5% of its net assets in financial instruments of companies other than those included in the FTSE MIB or FTSE Mid Cap indices of the Italian Stock Exchange. The Sub-fund invests up to 70% of its net assets in equities.

The Sub-fund's investment objective is to achieve medium and long-term capital growth. The Sub-fund aims to achieve its investment objective by actively managing a portfolio made up of equities and/or bonds issued by Italian companies.