MEAG FlexConcept - EuroGrowth - EUR ACC Fonds

The sub-fund's objective is to achieve continuous capital appreciation and earnings over the long term by investing in European bond and equities markets. In order to achieve this, the sub-fund invests on the basis of a dynamic, risk-adjusted investment concept. The aim of the concept is a participation of up to 75% of the sub-fund's assets in the performance of the European bond markets and a participation of up to 60% of the subfund' s assets in the performance of the European equitiy markets. At least 50% of the net assets of the sub-fund shall be invested in equities listed on a stock exchange or admitted to, or traded on, regulated markets within the meaning of Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments and which are not units or shares in a UCI. For the sub-fund's assets, a realised volatility of between 7 and 10% is intended (the 'target volatility'). Within these parameters, the selection of the individual assets is the responsibility of the fund management. To achieve the objective, the risk is monitored constantly and actively managed, ensured by means of sound risk management. The investment policy is implemented by trading in equities, bonds (government bonds preferred), money market instruments and/or the purchase of units in other UCITS/UCI (and in particular ETFs). Up to 100% of the sub-fund's net asset value may be invested in equities, bonds and/or money market instruments. Furthermore, up to 100% of the subfund's net asset value may be invested in units of other UCITS or up to 30% in other UCI.