The fund invests in Energy companies worldwide. This includes companies carrying out their business activity in the following industries: oil and gas exploration, production, refining and/or transportation and energy equipment and services. The portfolio is diversified across countries. Measured over a period of several years, we aim to beat the performance of the benchmark MSCI World10/40 Energy 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.