The Europa-Aktienfonds selects liquid and undervalued (Value) quality securities on the basis of a systematic forecast-free investment process. The risk reduction is based on sustainability criteria (governance indicator). Equities with very high risk of loss (measured as extreme VaR) are not included. The country and sector weighting (bottom-up) results from the regularly reviewed individual title selection. Equity positions are always balanced and regularly rebalanced. The investment fund is classified as an equity fund according to InvStRefG.