ZEST ASSET MANAGEMENT SICAV - Zest Argo R 1 Retail Shares/  LU1918810448  /

The Sub-Fund aims to seek an absolute return, while placing emphasis on the preservation of capital in the medium-term period. The investment strategy is based on a combination of direct investments in equities and bonds. The Sub-Fund is actively managed. The Sub-Fund has no benchmark index and is not managed in reference to a benchmark index. The Sub-Fund will invest primarily in Europe (included United Kingdom) and North America. The allocation of the portfolio may vary. However, the Sub-Fund will invest a maximum of 40% in equities and equity-related securities (e.g. convertible bonds, equity linked notes, financial derivative instruments underlying equities or eligible equity indices (e.g. options, futures), low exercise price warrants and warrants on equities); 90% fixed income instruments, money market instruments, cash and cash equivalents; 100% in EUR denominated assets; 40% in USD denominated assets; and 20% in assets not denominated in USD or EUR. Financial derivative instruments shall be used for hedging and for investment purposes. Options will be largely favoured for implementing the synthetic long or short strategy, but the Sub-Fund may also invest in CFDs or futures.

The Sub-Fund aims to seek an absolute return, while placing emphasis on the preservation of capital in the medium-term period. The investment strategy is based on a combination of direct investments in equities and bonds. The Sub-Fund is actively managed. The Sub-Fund has no benchmark index and is not managed in reference to a benchmark index. The Sub-Fund will invest primarily in Europe (included United Kingdom) and North America.