Investment policy

The fund invests chiefly in a global equity portfolio, which is expected to be less volatile than the global equity market. The companies are from several regions, countries and sectors.

The objective of the portfolio management is continuously to generate a risk-adjusted return which is at least in line with the risk-adjusted return of the fund’s reference index.
Moreover, the objective of the fund is to have a lower risk, in terms of price fluctuations, than the fund’s reference index.
The return and the risk are measured over the time horizon which the typical investor in the fund should have as a minimum according to the paragraph on ‘The typical investor’.
The portfolio return is stated after costs of active portfolio management.

Financial instruments and securities lending

The fund may use derivative financial instruments.

Benchmark: None

The fund has no benchmark as no representative benchmark is available that fully reflects the fund's investment strategy, but a reference index is used for for comparison of performance and risk.
The fund’s reference index: MSCI ACWI Minimum Volatility Net Total Return Index