Anlageziel

The sub-fund aims to make a positive environmental, social and governance (“ESG”) impact by investing in a concentrated portfolio of companies that actively contribute to the transition to a more circular global economy, based on the principles of designing out waste and pollution, keeping products and materials in use and regenerating natural systems, while also aiming to provide long term total return. In addition, the sub-fund aims to achieve a higher ESG rating, calculated as a weighted average of the ESG ratings given to the issuers of the sub-fund’s investments, than the weighted average of the constituents of the MSCI AC World (the “Reference Benchmark”) after eliminating at least 20% of the lowest ESG rated issuers from the Reference Benchmark.