Global Equity Defensive B
The Global Equity Defensive fund invests worldwide on a diversified basis primarily in equities and equity-related securities. In addition, complex financial instruments (e.g. derivatives on equities, equity indices or volatility indices) are used. The sub-fund aims to offer a global equity fund that pursues a defensive investment strategy. Loss absorption is sought but not guaranteed, thereby cushioning price losses (>20% over the observation period, as defined in the prospectus) in very bad equity years (see prospectus and fact sheet).