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The Fund invests long and short in actively traded futures contracts quoted on the most liquid futures exchanges worldwide and total return swaps. The futures and swap contracts will be traded on recognized indices (i.e. equities, bonds and commodities), bonds, currencies and interest rates. Additionally the Fund invests up to 100% of its assets in money market instruments, bank deposits with a maturity of up to one year and government bonds issued by Members States of the European Union or the European Economic Area (i.e. Germany, France, United Kingdom, Ireland, Italy, Spain, Belgium, the Netherlands, Finland, Austria, Norway, Liechtenstein), the European Financial Stability Facility (EFSF), the European Stability Mechanism (ESM), the International Bank for Reconstruction and Development, the European Investment Bank, Asian Development Bank, United States of America and Switzerland with any maturity
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