Vontobel European Eq Inc Pl B EUR Acc

The Sub-Fund aims to achieve income combined with capital growth in EUR. While respecting the principle of risk diversification, at least 67% of the Sub-Fund's net assets are invested in equities, equity-like transferable securities including real estate equities and closed-ended real estate investment trusts and partic ipation certificates issued by European companies (i.e. companies which are based in Europe and/or conduct the major ity of their business in Europe). Up to 33% of the Sub-Fund's net assets may be invested outside the aforementioned investment universe in other secu rities, other instruments, other currencies, other asset classes, countries and regions to achieve the investment objective.