Assenagon I Multi Asset Conservative

The Assenagon I Multi Asset Conservative aims to generate sustainable capital growth through flexible investments in various asset classes and financial instruments. The underlying multi-asset approach seeks to participate in capital appreciation across a wide range of promising investment opportunities and aims to outperform other defensive multi-asset-strategies. This objective is pursued through investments in international equity, bond, credit, money, commodity and foreign exchange markets, while equities are invested up to a maximum of 40% of the fund (physically) and the long term fund price volatility target lies between 3% and 6%. The portfolio management uses its discretion to select asset classes or specific segments from the eligible investment universe. Whether ETFs, ETPs, mutual funds, derivatives or individual securities: the portfolio management team always seeks to use the optimal instrument. The positioning of the fund is defined in order to exploit the prospective benefits either from rising ("long") or falling asset prices ("short"). Furthermore, the portfolio management can invest in strategies that pursue investment approaches which exhibit low correlation to traditional asset classes. The fund is actively managed and is not linked to a benchmark.