Anlageziel SWMC European Fund Class B GBP Acc Fonds

The investment objective of this Fund is to generate long term capital growth for investors, primarily by investing long in European equities. The Directors believe that European stock markets are inefficient and that substantial value can be created by employing fundamentally driven company research. The Investment Manager intends to visit extensively potential investee companies and the Fund will favour what the Investment Manager believes to be the best quality growth companies where it believes management has embraced the philosophy of maximising shareholder value.