The fund invests in food & beverage companies worldwide. This includes companies carrying out their business activity in the following industries: producers and distributors of food, beverages and tobacco; manufacturers of non-durable household goods and personal products; food & pharmaceutical retailers. Measured over a period of several years, we aim to beat the performance of the benchmark MSCI World Consumer Staples NR. We strive to add value to the fund by stock selection based on a thorough company analysis. We consciously weigh the upside potential from the current share price against the risks involved before including a stock in the fund.