The Fund is a fund of funds. The Fund invests all of its Net Asset Value in units of UCITS and other UCIs that comply with the relevant legal requirements and pursue investment strategies for positive absolute return. The exchange risk between the underlying investments and the currency of the Sub-fund is hedged systematically (“currency hedging”). The Fund selects its investments freely within its defined objective and refers to the EURIBOR 1 month index to calculate its performance, but does not set itself a margin of divergence from this index. The Fund may invest up to 100% of its net assets in UCITS units or shares.