The investment policy is geared towards long-term capital growth by focusing on the US equity markets. At least 70 % of Subfund assets are invested in Equities of companies whose registered offices are in the United States of America (US) with a minimum market capitalization of USD 500 million. Included in this limit, warrants for Equities from such companies and index certificates and Equity certificates whose risk profile correlates with the assets listed in sentence 1 or with the investment markets to which these assets can be allocated may also be acquired.