OP-World (Fund) is an equity fund which invests its assets broadly in the global equity market.
The Fund's investments are mainly based on investments in UCITS (EC Directive on Undertakings for Collective Investment in Transferable Securities) and non-UCITS funds and undertakings for collective investment (CIUs) (Underlying Investee Funds). All of the Fund’s assets may be invested in Underlying Investee funds, and a maximum of 20% of the Fund's value may be invested in one Underlying Investee fund. A maximum of 30% of the Fund's value may be invested in non-UCITS funds and in undertaking for collective investment (CIUs) that do not fulfil the UCITS Directive. The Fund may use derivative instruments in order to hedge against adverse market movements, to replace direct investments and to otherwise promote effective portfolio management.
The Fund's equity market exposure may vary between 75% and 100% of the Fund’s value. The equity weighting typically varies between 90% and 100%.
The Fund diversifies its equity investments broadly across various companies, since the investments are mainly implemented using funds.
The Fund's benchmark index is MSCI World EUR. With active investing, the Fund seeks to outperform its benchmark index in the long term. The Fund mainly takes notable active risk and it may differ significantly from the composition, weights and risk level of the benchmark index.