The Sub-fund will primarily invest in shares, convertible bonds and accessorily in warrants officially listed on a stock ex-change in Denmark, Norway, Sweden, Finland or Iceland. A maximum of 15 per cent of the Sub-fund´s net assets may be invested in securities officially listed on a stock exchange outside the Nordic region. The fund is invested according to a thematic approach, whereby the fund manager identifies broader themes that are likely to drive cash flows in a foreseeable future. Companies are then selected which are expected to capitalise on these themes.