The sub-fund BCV (LUX) Active Security (CHF) aims to generate regular capital growth through a flexible and diversified allocation of assets, achieved by significant exposure to fixed-income securities and/or cash/money-market instruments, with its currency exposure predominantly geared towards the Swiss franc. The purpose of investments in alternative investment vehicles is to lessen the degree of volatility in the sub-fund so that it involves a low degree of risk. The sub-fund is particularly well suited to investors who are looking for a defensive risk profile and stability for their capital.