Currently we foresee to invest in ETFs only, as ETFs typically have higher daily liquidity and lower fees than mutual fund shares, making them an attractive alternative for individual investors. As ETFs provide a native diversification and have certainly proved their worth over the years, they are a tailored instrument to pursue a long-term investment strategy. However, as we provide a discretionary investment management service, we reserve the right to change this and you will be notified beforehand.