och/eller
The Portfolio emphasizes stock selection based on a fundamental value approach.The Investment Manager combines research with a disciplined investment process to evaluate a company ’s intrinsic value.Within this value investment framework,the Investment Manager selects equity securities of established European companies from more than 40 industries and 20 countries.From time to time,the Portfolio may invest in European Emerging Market issuers, but not more than 20%of the Portfolio ’s net assets.