The Strategy of the Index Sponsor is to achieve long-term capital appreciation by selecting predominantly, but not exclusively, European equities. To this end, the Index Sponsor may select equities, ETFs, Listed Structured Products (in all asset classes) and investment funds. To maximize return, the Index Sponsor might from time to time also select Non-European financial instruments. Furthermore, should the Index Sponsor deem it appropriate, exposures in fixed income instruments (Government bonds, Corporate Bonds, Convertible Bonds), term deposits and cash equivalent securities, as well as outright cash, may be established. The selection of derivative instruments, such as Forwards and Swaps, are permitted for hedging purposes.