The PP Multi Asset Opportunities investment
strategy is a dynamic multi asset management strategy that invests and trades
in three different time horizons. By distributing the risk across 3 different
trading models, PP Multi Asset's goal is to achieve a positive return without a
benchmark. The main focus of the trading ideas is on the detection of
anomalies based on undervaluation / overvaluation, special situations, cyclical
fluctuations, short-term effects and technical analyses. In other words, the
different trading models try to predict the trend reversal. The short-term
trading model mainly focuses on technical analysis, while the medium to
long-term model focuses on fundamental analysis.

The investment strategy of all 3 models is to
achieve alpha by buying long options (asymmetrical risk-return), occasionally
hedged by an equity position. Beta is generated by investing in
futures. The multilayered risk management, which is based on the
investment horizon, individual stocks and the overall market risk, minimizes
the negative effects of each trading position on the overall portfolio.

An UCITS fund, which is managed by a fund
management company in Germany, acts as the seed investor. "The UCITS
Eligible Assets Directive clarifies that UCITS funds may invest in notes, even
if the underlying is not approved as a UCITS target investment itself, provided
certain criteria are met," says iMaps Capital Markets founder Andreas
Wölfl, highlighting the advantages of iMaps actively managed certificates as a
diversification instrument within an UCITS fund.

Disclaimer: The securities prospectus was
approved by the FMA Liechtenstein and can be downloaded free of charge from the
website www.imaps-capital.com/etis