Anlageziel Exane Funds 2 Exane Pleiade Fund R EUR Accumulation Fonds

The Sub-Fund aims to deliver an absolute, constant performance that is largely uncorrelated with traditional asset classes. 2. INVESTOR PROFILE The Sub-Fund is intended for all categories of investors, and Institutional Investors in particular. The recommended minimum investment horizon is two years. In terms of risk, the Sub-Fund aims to maintain an annualised Net Asset Value volatility record of less than 5%. 3. INVESTMENT POLICY Investment approach The Sub-Fund implements a “long/short equity strategy” and is actively managed on a discretionary basis, depending on the Management Company’s expectations.