Investment philosophy

The investment philosophy of the ACATIS 5 Star Universal Fund is aimed at achieving long-term capital appreciation. The fund s investments consist of three main components:

1. European, North American and international equity funds(developed markets) managed by successful value-oriented managers. They mostly invest in companies of high net asset value that should offer a safe, highgrowth foundation for long-term-oriented investors.

2. Equity funds from fastgrowing emerging markets. These country and regional funds represent strong economic growth at favourable prices relative to other regions.

3. Methodically investing funds for investment style diversification. These are target funds investing globally or regionally whose fund managers pursue systematic investment approaches that have proven successful over the long term.