M & W Privat is an actively managed fund focused on achieving long-term, above-average growth in Euros by investing in a diverse range of assets. The portfolio includes equities, various types of bonds such as fixed, variable, convertible, and option bonds, as well as warrants, participation certificates, and index certificates. Additionally, up to 30% of the fund is allocated to physical precious metals like gold, silver, and platinum, and leveraged derivatives on these metals. Another 30% may be invested indirectly in precious metal indices and alternative strategies, ensuring that no single type of investment exceeds half of the fund’s total assets. The fund may also include a small portion of securities from emerging market issuers.