# Marketing Material - Data as of 31.08.2020 NAV per share USD 432.62
Fund description	Risk profile

### The fund seeks to achieve long-term capital growth by investing globally in innovation-driven companies active in all health-care sub-sectors

## Investment objective:
(pharmaceuticals, biotechnology, health-care services & supplies, medical technology, specialty pharmaceuticals and generics). The actively managed fund is suitable for equity investors with a long-term horizon and appropriate risk awareness who wish to complement their portfolio with a concentrated investment in the health-care sector.
Opportunities:	

### The fund invests in a broadly diversified equity universe and seeks opportunities for returns wherever they exist.

### The fund gives investors easy access to the emerging markets. Many of these countries may offer attractive potential returns in various asset classes.
A highly qualified and experienced management actively manages the fund on the basis of a fundamental valuation approach. The objective is to identify the potential investments that, in the Investment manager's opinion, are most attractive and to generate interesting and profitable opportunities for investors.

### The fund gives access to an actively managed portfolio of equities in the health-care sector.
Risk factors:	
Currency Risk - Non Base Currency Share Class: Non-base currency share classes may or may not be hedged to the base currency of the Fund. Changes in exchange rates will have an impact on the value of shares in the Fund which are not denominated in the base currency. Where hedging strategies are employed, they may not be fully effective.

### Equity: Investments in equities (directly or indirectly via derivatives) may be subject to significant fluctuations in value.

### Capital at Risk: All financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed.

### Concentration Risk: Concentration in a limited number of securities and industry sectors may result in more volatility than investing in broadly diversified Funds.
Single Country Risk: Investment in companies of a single country may be subject to greater political, social, economic and tax risks and may be more volatile than investments in more broadly diversified funds. Local tax law may change retrospectively and without notice.

### Liquidity Risk: a given security cannot be traded quickly enough in the market to prevent a loss, or make a profit.

### Market Risk / Emerging Markets: Emerging markets will generally be subject to greater political, market, counterparty and operational risks.

Translation (ENFR, 2020-08-31):
# Documentation de marketing - Données au 31.08.2020 VNI USD 432,62
Description du fonds	Profil de risque
Le fonds vise à générer une croissance du capital à long terme en investissant à l'échelle mondiale dans des sociétés innovantes de tous les sous-secteurs

## Objectif
de la santé (pharmacie, biotechnologie, fournitures et services de santé, technologie médicale, spécialités pharmaceutiques et médicaments génériques).
d'investissement :
Activement géré, le fonds s'adresse aux investisseurs en actions dotés d'un horizon à long terme et conscients des risques, qui souhaitent compléter leur portefeuille par un investissement concentré dans le secteur de la santé.
Opportunités :	
Le fonds investit dans un portefeuille d'actions largement diversifié et s'attache à exploiter des opportunités de rendement variées.
Le fonds permet aux investisseurs de s'exposer en toute simplicité aux marchés émergents. Nombre de ces marchés peuvent offrir un potentiel de
rendement attrayant au travers de différentes classes d'actifs.
Le fonds est géré de manière active par une équipe qualifiée, selon une approche fondamentale visant à identifier les placements que le gestionnaire financier considère comme étant les plus prometteurs et à offrir aux investisseurs des opportunités de gains intéressantes.
Le fonds offre un accès à un portefeuille à gestion active d'actions du secteur de la santé.