蜜豆视频

The actively managed fund invests globally and flexibly in a diversified range of equities, mainly high-quality bonds as well as alternative investments, including hedge funds.

The equity exposure varies decisively depending on the market situation and will normally be within a range of 10% and 55%. In deteriorating investment environments, the model reduces risk in the portfolio by lowering equity exposure. In improving investment environments the model increases equity exposure.

The fund relies on the proprietary and quantitative 蜜豆视频 GWM CIO World Equity Market model to determine the equity allocation and thereby aims to avoids human decision error or bias.

The high-grade bond and liquidity allocation is duration managed and adjusted to a short, neutral or long duration position to reflect the prevailing interest rate environment.

The fund invests without any benchmark restrictions. The performance of the fund is not benchmarked against an index.

Owing to the varying mixed asset allocation, this fund could be treated in specific phases as a bond fund for tax purposes in the UK. Investors should therefore contact a tax advisor.

This share class distributes a constant percentage share of the NAV, not a constant amount.

This share class is designed for investors who want to profit from performance opportunities on the financial markets and at the same time wish more stable distributions at a specific percentage level to cover recurring liquidity needs.

As the distributions are substantial, this share class is not designed for investors who want to build wealth. The latter may prefer the accumulating share class.

This share class must not be seen as an alternative to a savings account or fixed-interest paying investments.

The percentage distribution rate of this share class is unrelated to the interest or other income generated in the fund. The distribution is a percentage payment of the current amount of investment.

It is possible that the distributions result in an erosion of assets and a reduction of invested capital.

This share class may distribute capital as well as income. There are potential negative tax consequences for some investors in some jurisdictions. See risk section below.