We strive to outperform traditional global equity markets over a whole market cycle by protecting wealth in negative markets and profit-taking in positive markets. This way, gains exceed losses and thus result in an asymmetrical distribution of returns. The fund has been licensed for public distribution and marketing by the Swiss Federal Banking Commission.

Notice: Based on a geographical re-adjustment in favour of Greater China and Europe, the fund invests since January 2010 in equal parts in the two regions. From January 2007 to December 2009 a simulated gross perfromance was calculated. The simulation was based on 8-10 long-only and long-short equity funds. Since January 2010 the new strategy is live. The numbers are based on a combination of the simulated gross and live net perfromance.

Strategy: Combination of long-short equity funds

Diversification: 8-10 target funds, Greater China and Europe

Benchmark: MSCI Europe / Golden Dragon Index, in CHF

Suitability: for long-term investors

 Investment Manager Report

 Prospectus

 Supplemental Prospectus