Preview only show first 10 pages with watermark. For full document please download

Einfluss Von Alltagsrassismus Auf Die Gesundheit Von Menschen Mit Migrationshintergrund

   EMBED


Share

Transcript

Einfluss von Alltagsrassismus auf die Gesundheit von Menschen mit Migrationshintergrund Tatana Roncolato Donkor veröffentlicht unter den socialnet Materialien Publikationsdatum: 05.10.2015 URL: http://www.socialnet.de/materialien/26410.php 7DWMDQD5RQFRODWR'RQNRU   (LQIOXVVYRQ$OOWDJVUDVVLVPXVDXIGLH *HVXQGKHLWYRQ0HQVFKHQPLW 0LJUDWLRQVKLQWHUJUXQG  $EVWUDFW 'HUYRUOLHJHQGH$XIVDW]LVWHLQH=XVDPPHQIDVVXQJGHU JOHLFKQDPLJHQ%DFKHORUDUEHLWGLHLP-DKUPLWGHP ,+.:LVVHQVFKDIWVSUHLVSUlPLHUWZXUGH,QHLQHUTXDOLWD WLYHQ6WXGLHPLWWHOVOHLWIDGHQJHVWW]WHU([SHUWHQLQWHUYLHZV ZXUGHGHU(LQIOXVVYRQ$OOWDJVUDVVLVPXVDXIGLH*HVXQG KHLWYRQ0HQVFKHQPLW0LJUDWLRQVKLQWHUJUXQGXQWHUVXFKW 'DEHLZXUGHEHOHJWGDVVHUOHEWHU$OOWDJVUDVVLVPXVVR ZRKODXIGLHSV\FKLVFKHDOVDXFKDXIGLHSK\VLVFKH*H VXQGKHLW(LQIOXVVQHKPHQNDQQ=XQHQQHQVLQGKLHUEHL SV\FKLVFKH6W|UXQJHQZLHEHLVSLHOVZHLVH'HSUHVVLRQDEHU DXFKSK\VLVFKH%HHLQWUlFKWLJXQJHQZLHVFKZHUHV 6FKZDQJHUVFKDIWVHUEUHFKHQ'HUDUWLJH(UNUDQNXQJHQ ZHUGHQGXUFKHUOHEWH'LVNULPLQLHUXQJDOOHUGLQJVQXU GDQQDXVJHO|VWZHQQ]XVlW]OLFKH)DNWRUHQ]XVDPPHQ NRPPHQZLH]XP%HLVSLHOPDQJHOQGHV6HOEVWZHUWJHIKO RGHUIHKOHQGH%HZlOWLJXQJVVWUDWHJLHQ(V]HLJWVLFKGDVV LQGLYLGXHOOH.RPSHWHQ]HQIUGLH(UKDOWXQJGHU*HVXQG KHLWQRWZHQGLJVLQG  /DXW6WDWLVWLVFKHP%XQGHVDPW  OHEHQLQ GHU%XQGHVUHSXEOLN0LOOLRQHQ0HQVFKHQ PLW0LJUDWLRQVKLQWHUJUXQG'DEHLEHVWHKWGLH VHU%HY|ONHUXQJVDQWHLODXVGHQVHLWQDFK 'HXWVFKODQG=XJHZDQGHUWHQXQGGHUHQ1DFK NRPPHQ YJOHEG 0LWWOHUZHLOHVLQGHLQ'ULW WHODOOHU0HQVFKHQPLW0LJUDWLRQVKLQWHUJUXQG LQ'HXWVFKODQGJHERUHQXQGGLH0HKUKHLWPLW YHUIJWEHUHLQHQGHXWVFKHQ3DVV YJO HEG 0HQVFKHQPLW0LJUDWLRQVKLQWHU JUXQGELOGHQHLQHVHKUKHWHURJHQH*UXSSHEH VWHKHQGDXVXQWHUVFKLHGOLFKHQ(LQZDQGHUXQJV PRWLYHQXQG+HUNXQIWVOlQGHUQ2VZDOG   XQWHUWHLOWGLH=XZDQGHUXQJVPRWLYHLQ SXOO)DNWRUHQ |NRQRPLVFKJQVWLJH6LWXDWLRQ GLHIUHLQHEHVWLPPWH%HY|ONHUXQJVJUXSSH ]XJlQJOLFKJHPDFKWZHUGHQ XQGLQSXVK)DN WRUHQ ZLH]XP%HLVSLHO%UJHUNULHJHRGHU1D WXUNDWDVWURSKHQ 'DUEHUKLQDXVEHILQGHQZLU XQVLP=HLWDOWHUGHU0LJUDWLRQZHOFKHVYRQ *OREDOLVLHUXQJVSUR]HVVHQJHSUlJWLVW'D]XJH K|UHQSUHNlUH$UEHLWVEHGLQJXQJHQ$UPXW +XQJHU:LUWVFKDIWVNULVHQ.ULHJHXQG%UJHU NULHJH'DVMQJVWH(UHLJQLVLQGHU:HOWSROLWLN LQGHUHLQIULHGYROOHV=XVDPPHQOHEHQNDXP PHKUP|JOLFK]XVHLQVFKHLQWLVWGLHNULWLVFKH /DJHLQGHQDUDELVFKHQ/lQGHUQGHQQÄLP /DXIHGHV-DKUHVNDPHVLQQDKH]XDOOHQ QRUGDIULNDQLVFKHQDUDELVFKHQ6WDDWHQ]X3UR WHVWHQRGHUJDU0DVVHQGHPRQVWUDWLRQHQGLH VLFKLQVEHVRQGHUHJHJHQGLHDXWRULWlUJHIKUWHQ 5HJLPHVRZLHGLHSROLWLVFKHQXQGVR]LDOHQ 6WUXNWXUHQULFKWHWHQXQGDXFKKHXWHQRFKLQ XQWHUVFKLHGOLFKHP0D‰HDQGDXHUQ %XQGHV DPWIU0LJUDWLRQXQG)OFKWOLQJH $N WXHOO]lKOWGDV+HLGHOEHUJHU,QVWLWXWIU,QWHUQD WLRQDOH.RQIOLNWIRUVFKXQJZHOWZHLWJHZDOW YROOH$XVHLQDQGHUVHW]XQJHQGDYRQZXUGHQ DOV.ULHJHLQJHVWXIWGLHQRFKLPPHUIRUWGDX HUQ +LLN 6RPLWLVWGLH=DKOGHU.ULHJH DXIGHPK|FKVWHQ6WDQGVHLW HEG 'HU JHJHQZlUWLJH)DFKNUlIWHPDQJHOLQ'HXWVFK ODQGHUODXEWIUDXVJHZlKOWH%HUXIVJUXSSHQHL QHQEHJQVWLJWHQ=XJDQJIUDXVOlQGLVFKH )DFKNUlIWHLQGHQ$UEHLWVPDUNWZDVEHL 2VZDOGDOVSXOO)DNWRUIU0LJUDWLRQEHVFKULH EHQZLUG$QGLHVHU6WHOOHLVWIHVW]XKDOWHQGDVV 'HXWVFKODQGEHUHLWVVHLWGHQHU-DKUHQGH IDFWRHLQ(LQZDQGHUXQJVODQGLVWDXFKZHQQ GLHVH7DWVDFKHODQJHYHUOHXJQHWZXUGH'LH *UQGHIU0HQVFKHQQDFK'HXWVFKODQG]X HPLJULHUHQVLQGJHQDXVRPDQQLJIDOWLJZLHGLH +HUNXQIWVOlQGHUDXVGHQHQVLHVWDPPHQ'HU EHGHXWHQGH$QWHLOYRQ0HQVFKHQPLW0LJUDWL RQVKLQWHUJUXQGLQGHUGHXWVFKHQ*HVHOOVFKDIW ]HLJWGLH5HOHYDQ]IUGLH$XVHLQDQGHUVHW]XQJ PLWGHPJHVXQGKHLWOLFKHQ=XVWDQGGLHVHU%H Y|ONHUXQJVJUXSSH=XPDO0HQVFKHQPLW0LJ UDWLRQVKLQWHUJUXQGRIW=LHOVFKHLEHIUUDVVLV WLVFKPRWLYLHUWH*HZDOWDNWHVLQGXQG5HVVHQWL PHQWV)UHPGHQIHLQGOLFKNHLWXQG'LVNULPLQLH UXQJLP-DKUKXQGHUWQLFKWEHUZXQGHQ]X VHLQVFKHLQHQ,QGHQ0HGLHQZXUGHLP-DKU DXVIKUOLFKEHUGLH0RUGVHULHGHU =ZLFNDXHU1HRQD]LVEHULFKWHW'DEHLHUPRUGH WHQGLHYHUPHLQWOLFKHQ1HRQD]LV]HKQ-DKUH ODQJDXVOlQGLVFKH0LWEUJHU'LH0HGLHQEH ULFKWHUVWDWWXQJHUUHLFKWHLKUHQVNDQGDO|VHQ+| KHSXQNWDOVGLH9HUPXWXQJJHlX‰HUWZXUGH GHU9HUIDVVXQJVVFKXW]KDEHGDV1D]LWULRJH GHFNW YJO7RSFX 'LHVH*HZDOWVHULH YHUN|USHUW]ZDUGLHH[WUHPVWH)RUPYRQ)UHP GHQKDVVLQ'HXWVFKODQGDOOHUGLQJVKDQGHOWHV VLFKKLHUEHLXPNHLQHQ(LQ]HOIDOO/DXWGHU %HUOLQHU%HUDWXQJVVWHOOH5HDFK2XWZXUGHQLP -DKU3HUVRQHQ2SIHUUDVVLVWLVFKHUR GHUGLVNULPLQLHUHQGHU*HZDOW YJO0LJUDWLRQV UDW%HUOLQ %UDQGHQEXUJ $OOHUGLQJV N|QQHQDXFKYHUEDOHXQGKHW]HULVFKHbX‰HUXQ JHQLKUH1DUEHQKLQWHUODVVHQ6RPDFKWH63' 3ROLWLNHU7KLOR6DUUD]LQLQVHLQHP%XFKNHLQHQ +HKODXVVHLQHQUDVVLVWLVFKHQ,GHRORJLHQ 6G GHXWVFKH=HLWXQJ 0HQVFKHQGLHQDFK 1 lX‰HUHP(UVFKHLQXQJVELOGQLFKWGHU0HKU KHLWVNXOWXUDQJHK|UHQZHUGHQQLFKWQXU7DJ IU7DJPLWRIIHQVLFKWOLFKHQUDVVLVWLVFKHQ%H PHUNXQJHQVRQGHUQDXFKPLWYHUVWHFNWHQ9RU XUWHLOHQVRJDUPLWSRVLWLYHU'LVNULPLQLHUXQJ NRQIURQWLHUW6RN|QQHQ$XVVDJHQZLHGX VSULFKVWDEHUJXWGHXWVFKRGHUGXELVW VFKZDU]DOVRNDQQVWGXEHVWLPPWJXWVLQJHQ %HLVSLHOHIUSRVLWLYHQ5DVVLVPXVVHLQ=XVlW] OLFKPVVHQ0HQVFKHQPLW0LJUDWLRQVKLQWHU JUXQGPLWVWUXNWXUHOOHQ'LVNULPLQLHUXQJVIRU PHQXPJHKHQZLHGHPHUVFKZHUWHQ=XJDQJ ]XP$UEHLWVXQG:RKQXQJVPDUNWRGHUDXFK GHPHUVFKZHUWHQ=XJDQJ]XK|KHUHQ%LOGXQJV DEVFKOVVHQ 5DVVHXQGNXOWXUHOOH'LIIHUHQ] 'LH.RQVWUXNWLRQGHU5DVVHXQGGLHGDUDXV HQWZLFNHOWHQELRORJLVFKHQ8QWHUVFKLHGH]ZL VFKHQ0HQVFKHQXQWHUVFKLHGOLFKHU.XOWXUHQ VLQGZLVVHQVFKDIWOLFKQLFKWKDOWEDU'LHVH 7KHVHZLUGLQHLQHU(UNOlUXQJGHU81(6&2 EHVWlWLJWGHQQÄGLHQHXHQZLVVHQVFKDIWOLFKHQ %HIXQGHVWW]HQQLFKWGLHIUKHUH$XIIDVVXQJ GD‰PHQVFKOLFKH3RSXODWLRQHQLQJHWUHQQWH ª5DVVHQ©ZLHª$IULNDQHU©ª(XUDVLHU© HLQ VFKOLH‰OLFKªHLQJHERUHQHU$PHULNDQHU© RGHU LUJHQGHLQHJU|‰HUH$Q]DKOYRQ8QWHUJUXSSHQ NODVVLIL]LHUWZHUGHQN|QQWHQ>«@'DUEHUKLQ DXVKDWGLH$QDO\VHYRQ*HQHQGLHLQYHU VFKLHGHQHQ9HUVLRQHQDXIWUHWHQJH]HLJWGD‰ GLHJHQHWLVFKH9DULDWLRQ]ZLVFKHQGHQ,QGLYL GXHQLQQHUKDOEMHGHU*UXSSHJUR‰LVWZlKUHQG LP9HUJOHLFKGD]XGLH9DULDWLRQ]ZLVFKHQGHQ *UXSSHQYHUKlOWQLVPl‰LJNOHLQLVW(VLVW OHLFKW]ZLVFKHQ0HQVFKHQDXVYHUVFKLHGHQHQ 7HLOHQGHU(UGH8QWHUVFKLHGHLQGHUlX‰HUHQ (UVFKHLQXQJ +DXWIDUEH0RUSKRORJLHGHV .|USHUVXQGGHV*HVLFKWV3LJPHQWLHUXQJHWF  ]XHUNHQQHQDEHUGLH]XJUXQGHOLHJHQGHJHQHWL VFKH9DULDWLRQVHOEVWLVWYLHOZHQLJHUDXVJH SUlJW>«@(VJLEWNHLQHQZLVVHQVFKDIWOLFKHQ *UXQGGHQ%HJULIIª5DVVH©ZHLWHUKLQ]XYHU ZHQGHQ³ 81(6&2 8QWHUVFKLHGOLFK NHLWHQKLQVLFKWOLFK+DXW$XJHQRGHU+DDU IDUEHDEHUDXFKXQWHUVFKLHGOLFKH9HUKDOWHQV ZHLVHQRGHU*HZRKQKHLWHQVLQGDQ8PZHOWEH GLQJXQJHQXQGDQKLVWRULVFKJHZDFKVHQHQ hEHUOHEHQVVWUDWHJLHQYRU2UWJHNRSSHOW'LH ,GHRORJLHGHU5DVVHLVWVRPLWKLQIlOOLJ7URW] GHPLVW5DVVLVPXVXQGGLH9RUVWHOOXQJGDVVHV 5DVVHQJLEWLQGHUJHVDPWJHVHOOVFKDIWOLFKHQ :DKUQHKPXQJVSUD[LVQLFKWYHUVFKZXQGHQ *OHLFKHVJLOWIUGLH.RQVWUXNWLRQGHUNXOWXUHO OHQ'LIIHUHQ]HQ,PUDVVLVWLVFKHQ*HGDQNHQJXW DEHUDXFKLQGHUODQGOlXILJHQ0HLQXQJXQG 6SUDFKHLVW]XHUNHQQHQGDVVNXOWXUHOOH=X VFKUHLEXQJHQPLWHLQHPHQJHQ9HUVWlQGQLV YRQ.XOWXUHLQKHUJHKHQ,QGLHVHP=XVDPPHQ KDQJNRQVWDWLHUW0RRVPOOHU QG GDVVÄGLH %HVFKUHLEXQJYRQ.XOWXUHQEH]LHKXQJVZHLVH YRQ8QWHUVFKLHGHQ]ZLVFKHQGHQ.XOWXUHQ>@ XQYHUPHLGOLFKHLQNRQVWUXNWLYHU9RUJDQJ >LVW@³(LQYHUNU]WHV9HUVWlQGQLVYRQ.XOWXU EDVLHUWDXIHLQHUVWDWLVFKHQXQGKRPRJHQHQ 9RUVWHOOXQJÄZRQDFKMHGHU0HQVFK7UlJHU YRQ.XOWXULVW HEG /DXW0RRVPOOHULVW GLH%HQHQQXQJYRQNXOWXUHOOHU'LIIHUHQ]HLQ $NWGHU([NOXVLRQLQGHP0LJUDQW,QQHQXQWHU HLQHPNXOWXUHOOHQ'HFNPDQWHOGHU=XJDQJ]X 5HVVRXUFHQYHUZHLJHUWZLUG YJOHEG 'HQQ YDLQ'HXWVFKODQGLVWGLH$QGHUVDUWLJNHLWHLQ ÄHUNOlUXQJVEHGUIWLJHU6RQGHUIDOO³GDÄLQHL QHPHWKQLVFKHQ1DWLRQDOVWDDWGDVNXOWXUHOOR GHUHWKQLVFK$QGHUHQLFKWDOV7HLOGHU1DWLRQ ZDKUJHQRPPHQZLUGVRQGHUQDOVHLQYRQDX ‰HQGD]XJHNRPPHQHV)UHPGHVGHVVHQ+LHU VHLQHVVRPLW]XHUNOlUHQJLOW³ HEG ,P JHVHOOVFKDIWOLFKHQ'LVNXUVEHUNXOWXUHOOH'LI IHUHQ]EHVWHKWGLH*HIDKU0LQGHUKHLWHQDXV]X JUHQ]HQUDVVLVWLVFKH*UHQ]]LHKXQJHQ]XHU P|JOLFKHQXQG0DFKWYHUKlOWQLVVH]XYHUVFKOHL HUQ YJOHEG =ZDUEHWRQHQ:LUWVFKDIW XQG3ROLWLNLP5DKPHQGHULQWHUNXOWXUHOOHQ gIIQXQJGLH9RUWHLOHNXOWXUHOOHU'LIIHUHQ]XQG SRLQWLHUHQGDVV9LHOIDOWGLH:HWWEHZHUEVIlKLJ NHLW'HXWVFKODQGVLPJOREDOHQ.RQWH[WYRUDQ WUHLEW YJOI $OOHUGLQJVZLUG9LHOIDOWDOV HLQHGHXWVFKH1RWZHQGLJNHLWJHVHKHQXQG QLFKWDOVHLQHGHXWVFKH5HDOLWlW.XOWXUHOOH'LI IHUHQ]OLHIHUWGHQ1lKUERGHQIUUDVVLVWLVFKH ,GHRORJLHQGLHVLFKLQGHU0RGHUQHQLFKWPHKU DXIDQGHUH5DVVHQVRQGHUQDXIDQGHUH.XO WXUHQEH]LHKHQ VLHKHKLHU]X+XQWLQJWRQ   'DUXPLVWGDUDXI]XDFKWHQREGLH%HQHQQXQJ GHU$QGHUVDUWLJNHLWHLQHODWHQWH5DVVHQOHKUHLQ VLFK ELUJW XQG RE GLH 'LIIHUHQ]EHQHQQXQJHQ YLHOPHKU]XU,GHQWLWlWVVWlUNXQJGHU0HKUKHLWV JHVHOOVFKDIWIKUHQDOV]XU,QNOXVLRQEHQDFKWHL OLJWHU%HY|ONHUXQJVJUXSSHQ 'HILQLWLRQ$OOWDJVUDVVLVPXV :LHEHUHLWVEHVFKULHEHQHUIOOW5DVVLVPXVGLH )XQNWLRQ+HUUVFKDIWXQG3ULYLOHJLHQHLQHU EHUJHRUGQHWHQ*UXSSH]XOHJLWLPLHUHQ YJO 0HPPL ,P$OOWDJZLUGGDV=LHOGHU 9RUKHUUVFKDIWEHZXVVWXQGXQEHZXVVWDXIXQ 2 WHUVFKLHGOLFKH:HLVHDQJHVWUHEW'DVYHUGHXW OLFKWDXFKIROJHQGH'HILQLWLRQÄ'HU%HJULII $OOWDJVUDVVLVPXVNHQQ]HLFKQHWGLHDOOWlJOLFKHQ )RUPHQYRQ5DVVLVPHQGHU0HKUKHLWVJHVHOO VFKDIWGLHNHLQHVZHJVQXULQH[WUHPHURGHURI IHQHU:HLVHDXIWUHWHQVRQGHUQDXFKVXEWLOXQ DXIIlOOLJYHUGHFNWXQGODWHQWVHLQN|QQHQ 1LFKWLPPHUKDQGHOWHVVLFKGDEHLXPEH ZXVVWHXQGJHZROOWH3UR]HVVHXQGRIWJHKWHV XPHLQ9HUKDOWHQLQQHUKDOEEHVWLPPWHU6WUXN WXUHQGDV P|JOLFKHUZHLVHXQEHDEVLFKWLJW UDV VLVWLVFKH(IIHNWH]XU)ROJHKDEHQNDQQ$QJH K|ULJHGHU0HKUKHLWVJHVHOOVFKDIWLGHQWLIL]LHUHQ VXEWLOHUHRGHUXQJHZROOWH)RUPHQYRQ5DVVLV PXVKlXILJQLFKWDOV5DVVLVPXVYLHOPHKUHU VFKHLQHQVLHLKQHQDOVVHOEVWYHUVWlQGOLFKXQG ZHUGHQXQKLQWHUIUDJWKLQJHQRPPHQ /HL SUHFKW  5DVVLVWLVFKHV9HUKDOWHQZLUGRIWQLFKWDOVVRO FKHVHQWODUYW'DVEHVWlWLJW0HPPL   LQGHPHUVFKUHLEWÄ9LHOH/HXWHUHGHQ XQGYHUKDOWHQVLFKZLH5DVVLVWHQIKOHQVLFK MHGRFKQLFKWJHWURIIHQZHQQPDQLKQHQGLHV YRUZLUIW5DVVLVPXVLVWIU6RZHEHQIDOOVHLQ YHUGUlQJWHVJHVHOOVFKDIWOLFKHV3KlQRPHQGHU 0HKUKHLWVJHVHOOVFKDIWGHQQÄXQWHU:HL‰HQLQ 'HXWVFKODQGLVWGLH0HLQXQJZHLWYHUEUHLWHW KLHU]XODQGHJlEHHVNHLQHQ5DVVLVPXV PHKU  XQGZHQQGDQQPD[LPDODP5DQGHGHU*H VHOOVFKDIW'DVKlQJWHQJGDPLW]XVDPPHQ GDVV5DVVLVPXV]XPHLVWDXIGHQ1DWLRQDOVR]LD OLVPXVXQGHLQHQVLFKEHZXVVWLQGHVVHQ7UDGL WLRQHQVWHOOHQGHQ5HFKWVH[WUHPLVPXVUHGX]LHUW ZLUG 6RZ  $OOWDJVUDVVLVPXVVWHKWVRPLWV\QRQ\PIUHLQH WDEXLVLHUWH5DVVLVPXVSUD[LVGLHXQEHLUUWIRUW JHIKUWZLUGZHLOVLHDOVVROFKHQLFKWHUNDQQW RGHUEHQDQQWZLUG$XVGLHVHP*UXQGPXVV GLHDXV5DVVLVPXVHQWVWHKHQGH%HQDFKWHLOL JXQJYRQ0HQVFKHQPLW0LJUDWLRQVKLQWHUJUXQG DQDO\VLHUWZHUGHQ 'LVNULPLQLHUXQJDXIGHP$UEHLWVPDUNW (WKQLVFKH'LVNULPLQLHUXQJDXIGHP$UEHLWV PDUNWULFKWHWVLFKQLFKWQXUJHJHQ0HQVFKHQ PLW0LJUDWLRQVKLQWHUJUXQGDXVQLHGULJHUHQ%LO GXQJVVFKLFKWHQ(LQ([SHULPHQWYRQ.DDVXQG 0DQJHU]HLJWGDVV%HZHUEXQJHQYRQ+RFK VFKXODEVROYHQWHQPLWGHXWVFKNOLQJHQGHP1D PHQKlXILJHUPHKU5FNUXIHHUKDOWHQDOV %HZHUEXQJHQPLWWUNLVFKNOLQJHQGHP1DPHQ YJO.DDV0DQJHU 'DEHLXQWHUVFKHL GHQVLFK.OHLQEHWULHEHYRQJU|‰HUHQ%HWULHEHQ GHQQ.DDVXQG0DQJHUEHWRQHQIROJHQGHV Ä)LUPVZLWKOHVVWKDQHPSOR\HHVJLYH'HQ QLVDQG7RELDVDERXWPRUHFDOOEDFNV WKDQ)DLWKDQG6HUNDQ HEG )UGDV([SH ULPHQWZXUGHQEHUWDXVHQG%HZHUEXQJHQDQ 8QWHUQHKPHQYHUVFKLFNWGLHRIIHQH3UDNWLNDQ WHQVWHOOHQDXFKÄLQWHUQVKLSV³JHQDQQWLP :LUWVFKDIWVZHVHQ]XYHUJHEHQKDWWHQ YJO HEG 'DEHLZXUGHQDQMHGH6WHOOH]ZHL %HZHUEXQJHQJHULFKWHWZREHL/HLVWXQJHQXQG 6FKXOODXIEDKQLGHQWLVFKZDUHQXQGVLFKGLH %HZHUEXQJHQQXUDQKDQGGHU1DPHQXQWHU VFKLHGHQ YJOHEG /DXW.DDVXQG0DQJHU VWHOOHQGLHVHÄLQWHUQVKLSV³HLQHQZLFKWLJHQ .DUULHUHVSUXQJGDUZHLO6WXGHQWHQQDFKHU IROJUHLFKHP$EVFKOXVVHLQHVÄLQWHUQVKLSV³EHV VHUH&KDQFHQDXIGHP$UEHLWVPDUNWKDEHQ YJOHEG ,P8PNHKUVFKOXVVVWHOOWGLH 1LFKWWHLOQDKPHDQÄLQWHUQVKLSV³HLQH%HQDFK WHLOLJXQJGDUZHLOGHU=XJDQJ]XIHVWHQ6WHOOHQ HUVFKZHUWLVW'LH(UJHEQLVVHDXVGHPÄ'LVFUL PLQDWLRQ7HVWLQJ9HUIDKUHQ³EHOHJHQGLH8Q JOHLFKEHKDQGOXQJYRQWUNLVFKHQXQGGHXW VFKHQ%HZHUEHUQ YJO3HXFNHU  'LH1LFKW$QHUNHQQXQJDXVOlQGLVFKHU%HUXIV XQG%LOGXQJVDEVFKOVVHVWHOOWHLQ]XVlW]OLFKHV 3UREOHPGDUZHOFKHV]X$UPXWIKUWGHQQ ÄNQDSSGHU]XJHZDQGHUWHQ$/*,,%H ]LHKHUKDEHQLP$XVODQGHLQHQ%HUXIVDE VFKOXVVHUZRUEHQGHULQ'HXWVFKODQGQLFKWDQ HUNDQQWZLUG'LHVH0HQVFKHQZHUGHQLQGHQ ,QIRUPDWLRQVV\VWHPHQGHU%XQGHVDJHQWXUIU $UEHLWDOV3HUVRQHQRKQHEHUXIOLFKHQ$E VFKOXVVJHIKUW'HU*UXQG'LHLP$XVODQG HUZRUEHQHQ%HUXIVTXDOLILNDWLRQHQN|QQHQYRQ GHUHQWVSUHFKHQGHQ6RIWZDUHQLFKWHUIDVVWZHU GHQGDVLHQLFKWGHUEHUXIVIDFKOLFKHQ6WUXNWX ULHUXQJGHVGHXWVFKHQ$UEHLWVPDUNWHVHQWVSUH FKHQ³ 0LJUDWLRQ,QIR (VVFKHLQWDOV RE'LVNULPLQLHUXQJVPHFKDQLVPHQDXIGHP$U EHLWVPDUNWDXIJUXQGYRQ6RIWZDUHSUREOHPHQ HQWVWHKHQ'LHVHIKUHQMHGRFK]XHLQHU%HHLQ WUlFKWLJXQJGHU8PVHW]XQJHLJHQHU/HEHQV ]LHOH'DEHLLVW]XEHDFKWHQGDVVLQGHU|IIHQW OLFKHQ:DKUQHKPXQJPHLVWYRUVFKQHOOJHUXU WHLOWZLUG6RHQWVWHKHQ%HKDXSWXQJHQZLH]XP %HLVSLHOGDVVVLFK0LJUDQW,QQHQZHJHQPDQ JHOQGHU$UEHLWVEHUHLWVFKDIWYRP6WDDWDXVKDO WHQODVVHQRGHUVLFKZHJHQPDQJHOQGHU,QWHJ UDWLRQVEHUHLWVFKDIWLVROLHUHQ(WKQLVFKHXQGVWD WLVWLVFKH'LVNULPLQLHUXQJDXIGHP$UEHLWV PDUNWZLUGEHLYLHOHQ'LVNXVVLRQHQDX‰HU$FKW JHODVVHQREZRKO$XVJUHQ]XQJVPHFKDQLVPHQ LQ6WXGLHQEHOHJWZHUGHQ(LQ*UXQGGDIU N|QQWHVHLQGDVVGLH$XIQDKPHJHVHOOVFKDIW 3 'LVNULPLQLHUXQJVIRUPHQWDEXLVLHUWZHLOÄ5DV VLVPXV³QDFKZLHYRUHLQXQDQJHQHKPHV 7KHPDLVW'DEHLNRPPWGLH)UDJHDXIZLH VLFKGLHVH0HKUIDFKEHODVWXQJDXI0HQVFKHQ PLW0LJUDWLRQVKLQWHUJUXQGDXVZLUNW"=XPHL QHQZLUGLKQHQGHU=XJDQJ]XP$UEHLWVPDUNW YHUZHKUWXQG]XPDQGHUHQZHUGHQVLHGDIU YHUDQWZRUWOLFKJHPDFKWGDVVVLHNHLQH$UEHLW KDEHQ8QGZHQQGDV7KHPD5DVVLVPXVRGHU 'LVNULPLQLHUXQJ]XU6SUDFKHNRPPWZLOONHL QHUHWZDVGDUEHUZLVVHQRGHUGDUEHUVSUH FKHQ 'LVNULPLQLHUXQJLP*HVXQGKHLWVZHVHQ $XFKGHU=XJDQJ]XP*HVXQGKHLWVZHVHQVWHOOW IU 0HQVFKHQ PLW 0LJUDWLRQVKLQWHUJUXQG HLQH %DUULHUHGDUZHLO]XP%HLVSLHOJHVXQGKHLWVEH ]RJHQH+LQZHLVHXQG,QIRUPDWLRQHQWHQGHQ]LHOO VHOWHQ LQ DQGHUH 6SUDFKHQ YHUIDVVW E]Z EHU VHW]WZHUGHQ YJO5REHUW.RFK,QVWLWXW  'DVIKUW]XP%HLVSLHOGD]XGDVV3DWLHQWHQ LKUH 'LDJQRVHQ XQG 7KHUDSLHYHUOlXIH RIWPDOV QLFKWULFKWLJYHUVWHKHQ(LQH6WXGLHXQWHUWUNL VFKHQXQGGHXWVFKHQ3DWLHQW,QQHQEHOHJWGDVV QXUGHUWUNLVFKHQ3DWLHQWLQQHQLKUH'LDJ QRVH ULFKWLJ DQJHEHQ NRQQWHQ YJO HEG  %HL GHXWVFKHQ 3DWLHQWLQQHQ NRQQWH GLHVHU (IIHNW QLFKWQDFKJHZLHVHQZHUGHQ YJOHEG =XGHP VWHOOWGDVGHXWVFKH*HVXQGKHLWVYHUVWlQGQLVHLQH ZHLWHUH+UGHGDUZHLOLQYLHOHQDQGHUHQ/lQ GHUQ RIW HLQ JDQ]KHLWOLFKHV XQG UHOLJL|VHV .UDQNKHLWV XQG *HVXQGKHLWVYHUVWlQGQLV YR UDXVJHKW YJO HEG   6R NDQQ .UDQNKHLW EHLVSLHOVZHLVH DOV )ROJH YRQ %HVWUDIXQJ RGHU =DXEHUHLLQWHUSUHWLHUWZHUGHQ,QGHUZHVWOLFKHQ 0HGL]LQZLUGWUDGLWLRQHOO]ZLVFKHQ.|USHUXQG *HLVWJHWUHQQWZDVDXI5HQp'HVFDUWHV]XUFN ]XIKUHQLVW 'LHVH'LFKRWRPLHYRQ.|USHUXQG*HLVWILQGHW VLFKODQJVDPPLWQHXHQ*HVXQGKHLWVNRQ]HSWHQ NRQIURQWLHUWZLH]XP%HLVSLHOPLWGHPVDOXWR JHQHWLVFKHQ*HVXQGKHLWVYHUVWlQGQLVQDFK$QWR QRYVN\EHLGHPHLQSRVLWLYHV.RKlUHQ]JHIKO PLW GHQ GUHL .RPSRQHQWHQ +DQGKDEEDUNHLW 9HUVWHKEDUNHLWXQG6LQQKDIWLJNHLWGLH%DVLVIU HLQ $XIUHFKWHUKDOWHQ GHU HLJHQHQ *HVXQGKHLW ELOGHW VLHKHKLHU]X$QWRQRYVN\ 7URW] GHPLVWGLHSDWKRORJLVFKH6LFKWZHLVHEHL0HGL ]LQHUQLQ'HXWVFKODQGVHKUYHUEUHLWHWXQGGHV KDOE NDQQ HV ]X 0LVVYHUVWlQGQLVVHQ ]ZLVFKHQ 0LJUDQW,QQHQ XQG bU]W,QQHQ NRPPHQ ZDV ZLHGHUXP]X)HKOGLDJQRVHQXQG)HKOPHGLNDWL RQHQIKUHQNDQQ YJOHEG )HUQHU]HLJW VLFK EHL 0LJUDQW,QQHQ HLQH XQWHUUHSUlVHQWLHUWH ,QDQVSUXFKQDKPH YRQ *HVXQGKHLWVGLHQVWHQ XQG OHLVWXQJHQ =XP %HLVSLHO EHVWHKW HLQH JH ULQJHUH 1XW]XQJ YRQ )UKHUNHQQXQJVXQWHUVX FKXQJHQ EHL .LQGHUQ PLW 0LJUDWLRQVKLQWHU JUXQG YJOHEG $XIGHUHLQHQ6HLWH OLHJW GLH %HJUQGXQJ KLHUIU GDVV Ä*HVXQG KHLWVI|UGHUXQJ XQG 3UlYHQWLRQ LQ YLHOHQ +HU NXQIWVOlQGHUQGHU0HQVFKHQPLW0LJUDWLRQVKLQ WHUJUXQG QLFKW >«@ YRQ KHUDXVUDJHQGHU %H GHXWXQ³VLQG HEG $XIGHUDQGHUHQ6HLWH YHUIJHQEHLVSLHOVZHLVHWUNLVFKVWlPPLJH%U JHU,QQHQ EHU ZHQLJ ,QIRUPDWLRQHQ EH]JOLFK 9RUVRUJHXQWHUVXFKXQJHQ YJOHEG (LQH DQGHUH6WXGLHKDW]XGHPHUJHEHQGDVV)UDXHQ PLW0LJUDWLRQVKLQWHUJUXQGGRSSHOWVRRIWLKUHQ )UDXHQDU]WRGHULKUH)UDXHQlU]WLQZHFKVHOQDOV LP9HUJOHLFK]XGHXWVFKHQ)UDXHQZHLOVLHVLFK GLVNULPLQLHUWRGHUXQK|IOLFKXQGHUIROJVORVEH KDQGHOWIKOHQ YJOHEG  %H]JOLFK VR]LDOHU (LQULFKWXQJHQ GHU 6R]LDOHQ $UEHLW EHVFKUHLEW 5RPPHOVSDFKHU    GDVV GLH PHLVWHQ 0LJUDQWHQ PLW %HK|UGHQ VFKOHFKWH(UIDKUXQJHQJHPDFKWKDEHQXQGGLHVH $QJVW ZLHGHUXP DXI VR]LDOH (LQULFKWXQJHQ EHUWUDJHQ =XGHP IKUW 5RPPHOVSDFKHU DXI GDVVVWUXNWXUHOOH=XJDQJVEDUULHUHQZLH*HEK UHQ ]% LQ GHU )DPLOLHQELOGXQJ  :RKQRUW IHUQH .RPP6WUXNWXUHQ gIIQXQJV]HLWHQ GLH PLW GHU /HEHQVZLUNOLFKNHLW EHODVWHWHU 0LJUDQ WHQIDPLOLHQ NROOLGLHUHQ HUKHEOLFK +LQGHUQLVVH IU 0LJUDQW,QQHQ GDUVWHOOHQ N|QQHQ HEG   $XFK GLH UHOLJL|VH $XVULFKWXQJ YLHOHU :RKO IDKUWVYHUElQGH VWHOOW HLQH %DUULHUH GDU YJO HEG  =XVDPPHQIDVVHQG OlVVW VLFK VDJHQ GDVV GDV *HVXQGKHLWVZHVHQ QRFK ]X ZHQLJ DXI 0HQ VFKHQ PLW 0LJUDWLRQVKLQWHUJUXQG DXVJHULFKWHW LVW 'LH )RUGHUXQJ QDFK LQWHUNXOWXUHOOHU gII QXQJ LP *HVXQGKHLWVEHUHLFK ZLUG LPPHU JU| ‰HU 0HQVFKHQ PLW 0LJUDWLRQVKLQWHUJUXQG HU IDKUHQ%HQDFKWHLOLJXQJGXUFKIHKOHQGH.HQQW QLVVH GLH DXI VSUDFKOLFKH %DUULHUHQ ]XUFN ]X IKUHQVLQGDEHUDXFKGXUFKIHKOHQGHNXOWXUHOOH .RPSHWHQ]HQDXIGHU6HLWHYRQ3URIHVVLRQHOOHQ )U HLQH JXWH 3DWLHQWHQEH]LHKXQJ LVW HV HUIRU GHUOLFKGDVVVLFKbU]W,QQHQLQWHUNXOWXUHOOH*H VXQGKHLWVNRQ]HSWHDQHLJQHQXPGLHEHVWH%H KDQGOXQJIU3DWLHQWHQEHUHLWVWHOOHQ]XN|QQHQ XQGXPHLQHQ=XJDQJ]XLKUHQ3DWLHQW,QQHQDXV DQGHUHQ +HUNXQIWVOlQGHU ]X EHNRPPHQ 'LH IHKOHQGH%HUHLWVWHOOXQJYRQ,QIRPDWHULDOLQDQ GHUHQ 6SUDFKHQ XQG GLH IHKOHQGH %HUHLWVFKDIW DXI0HQVFKHQPLWDQGHUHQ*HVXQGKHLWVYRUVWHO OXQJHQHLQ]XJHKHQNDQQDOVHLQGLVNULPLQLHUHQ GHU$NWYHUVWDQGHQZHUGHQZHLO0HQVFKHQPLW 0LJUDWLRQVKLQWHUJUXQG DXI GLHVH :HLVH YRP 4 *HVXQGKHLWVZHVHQ DXVJHJUHQ]W ZHUGHQ 6R NRPPW DXFK 5RPPHOVSDFKHU ]X GHP 6FKOXVV GDVVGLHÄ0lFKWLJHQLQGHU.RPPXQLNDWLRQGLH PLWLQVWLWXWLRQHOOHQ0DFKWPLWWHOQXQGEHUOHJH QHP ([SHUWHQZLVVHQ DXVJHVWDWWHWHQ 3URIHVVLR QHOOHQHLQHEHVRQGHUH9HUDQWZRUWXQJ>WUDJHQ@ HEG  'LVNULPLQLHUXQJ LQ GHU 6FKXOH DXI GHP $U EHLWVPDUNW DEHU DXFK GHU HUVFKZHUWH =XJDQJ ]XP *HVXQGKHLWVZHVHQ 'LH UHFKWOLFKH 6LWXD WLRQYRQ$V\OEHZHUEHU,QQHQVWHOOWHLQH([WUHP EHODVWXQJGDUGHUHQ$XVZLUNXQJHQDXIGLH*H VXQGKHLW LQ 6WXGLHQ QRFK HUIRUVFKW ZHUGHQ PXVV 5DVVLVPXVDOV7UDXPD 'LHTXDOLWDWLYH(PSLULHEHVWlWLJWGLH(UJHE QLVVHTXDQWLWDWLYHU)RUVFKXQJHQXQGKLOIWEHL GHU.RQNUHWLVLHUXQJGHU$XVZLUNXQJHQ'HQQ LQTXDQWLWDWLYHQ8QWHUVXFKXQJHQNRQQWH]ZDU GHU(LQIOXVVZDKUJHQRPPHQHU'LVNULPLQLH UXQJDXIGLHN|USHUOLFKHXQGSV\FKLVFKH*H VXQGKHLWEHOHJWZHUGHQMHGRFKQLFKWJHQDXHU HUIDVVWZHUGHQ YJO,JHO 'LH([ SHUWLQQHQJDEHQKLHU]XGHWDLOOLHUWHUH%HLVSLHOH DQ(LQHUVHLWVEHQHQQHQVLH(UNUDQNXQJHQZLH SV\FKRVRPDWLVFKEHGLQJWH0DJHQHUNUDQNXQJ 'HSUHVVLRQVFKZHUHP6FKZDQJHUVFKDIWVHUEUH FKHQDQGHUHUVHLWVNRPPHQVLHDXFKDXI0H FKDQLVPHQZLH,VRODWLRQ3DXVFKDOLVLHUXQJHQ XQG0LVVWUDXHQJHJHQEHUGHU0HKUKHLWVJH VHOOVFKDIW]XVSUHFKHQ'HUOHW]WH3XQNWZLUG DXFKYRQ5RPPHOVSDFKHUDXIJHJULIIHQ'DEHL VLHKWVLH0LVVWUDXHQYRQ0LJUDWQ,QQHQJHJHQ EHUVR]LDOHQ(LQULFKWXQJHQLQGHQHUOHEWHQ 1HJDWLYHUIDKUXQJHQPLW%HK|UGHQEHJUQGHW (LQH UHODWLY QHXH QLFKW JDQ] XQXPVWULWWHQH 7KHVHLVWGDVV5DVVLVPXVDOV7UDXPDHUIDKUXQJ HLQJHVWXIWZHUGHQNDQQ'LH3V\FKRORJLQ*UDGD .LORPEDEHVFKlIWLJWVLFKLQLKUHP7H[WÄ'DV1 :RUWPLW$XVZLUNXQJHQGLHGDV:RUW1HJHU DXI VFKZDU]H 0HQVFKHQ XQG 3HRSOH RI &RORU KDW'DEHLNRQVWDWLHUW.LORPEDGDVVLQGHU3V\ FKRDQDO\VH7UDXPDDOVHLQJHZDOWWlWLJHU6FKRFN YHUVWDQGHQ ZLUG GHU SO|W]OLFK GLH %H]LHKXQJ PLW$QGHUHQXQGPLWGHU*HVHOOVFKDIWHUVFKW WHUW XQG 1DUEHQ LQ )RUP YRQ $OSWUlXPHQ )ODVKEDFNVXQGN|USHUOLFKH$XVZLUNXQJHQPLW VLFK]LHKHQNDQQ YJO.LORPED .L ORPED YHUGHXWOLFKW GDVV HV VLFK EHL GHP 1 :RUWQLFKWQXUXPHLQ:RUWGHU%HVFKLPSIXQJ KDQGHOWVRQGHUQXPHLQ:RUWZHOFKHVVLFKDXI KLVWRULVFKHUXQGNROORQLDOHU(EHQHEHZHJWXQG VRPLWGDV7UDXPDGHV.ROORQLDOLVPXVGHU6NOD YHUHLXQG8QWHUGUFNXQJKHUYRUUXIW YJOHEG  $XVGLHVHP*UXQGPVVHQ3HRSOHRI&RORU VRZRKODXIGLH*HJHQZDUWDOVDXFKDXIGLH9HU JDQJHQKHLWUHDJLHUHQ1LYHGLWD3UDVDG   KDW VLFK PLW .LORPEDV 7KHVHQ EHVFKlIWLJW VWLPPWLKU]XXQGNRPPW]XGHP6FKOXVVGDVV ÄGLH IRUWGDXHUQGH %HJHJQXQJ PLW VROFKHQ VSUDFKOLFKHQXQGDQGHUHQUDVVLVWLVFKHQ(QWJOHL VXQJHQ GLH 6FKZLHULJNHLWGHU DQJHPHVVHQHQ 5HDNWLRQXQGYRUDOOHQ'LQJHQGHUQDFKKDOWLJH (LQIOXVVGLHVHU.RQIURQWDWLRQHQDXI0LJUDQWLQ QHQODVVHQGDV.RQ]HSWYRQ5DVVLVPXVDOVWUDX PDWLVLHUHQGXQGGDPLWDXFKDOVNUDQNPDFKHQG GXUFKDXVDOVUHDOLVWLVFKHUVFKHLQHQ 6WXGLHQHUJHEQLVVH %H]JOLFK GHU )RUVFKXQJVIUDJH ZHOFKHQ (LQ IOXVV $OOWDJVUDVVLVPXV DXI GLH *HVXQGKHLW KDW ZXUGHQ ([SHUWHQLQWHUYLHZV PLW 6R]LDODUEHLWH U,QQHQ3V\FKRORJLVFKHQ%HUDWHU,QQHQXQGbU] W,QQHQ JHIKUW 'DV 'DWHQPDWHULDO ZXUGH PLW GHU *URXQGHG 7KHRU\ 0HWKRGH DXVJHZHUWHW 9HUJOHLFKHQGVWHOOHQDOOH([SHUW,QQHQIHVWGDVV $OOWDJVUDVVLVPXV HLQH HQRUPH %HODVWXQJ GDU VWHOOWZHOFKHSV\FKLVFKHXQGSV\FKRVRPDWLVFKH $XVZLUNXQJHQKDEHQNDQQ=XGHQYRQ0LJUDQ W,QQHQ HUOHEWHQ $OOWDJVEHODVWXQJHQ JHK|UW GLH 'HU*HVXQGKHLWV]XVWDQGKDWLQVJHVDPWJH]HLJW GDVV0HQVFKHQPLW0LJUDWLRQVKLQWHUJUXQGKlX ILJLQlU]WOLFKHQ3UD[HQDQ]XWUHIIHQVLQG'DEHL VSLHOHQPHKUHUH)DNWRUHQIUGLH(QWVWHKXQJ YRQ.UDQNKHLWHLQH5ROOHZLH]%GDV8PIHOG RGHUGLH/HEHQVVLWXDWLRQ,QIROJHGHVVHQHUJH EHQVLFKVRZRKOhEHUHLQVWLPPXQJHQDOVDXFK $EZHLFKXQJHQPLWGHPKLHVLJHQ)RUVFKXQJV VWDQGhEHUHLQVWLPPHQGLVWGDVVGLH(UJHE QLVVHGHUHPSLULVFKHQ6WXGLHPLWGHQ(UJHEQLV VHQTXDQWLWDWLYHU6WXGLHQEHUHLQVWLPPHQ ZHQQHVGDUXPJHKWGDVV$OOWDJVUDVVLVPXV (LQIOXVVDXIGLH*HVXQGKHLWKDEHQNDQQ'DEHL LVWGDV*HVXQGKHLWVULVLNREHVRQGHUVGDQQJH IlKUGHWZHQQQHEHQ'LVNULPLQLHUXQJVHUIDK UXQJHQIROJHQGH)DNWRUHQDXIHLQDQGHUWUHIIHQ 0HQVFKHQPLW0LJUDWLRQVKLQWHUJUXQGEHILQGHQ VLFKLQNULWLVFKHQXQGXQJQVWLJHQ/HEHQVVLWX DWLRQHQYHUIJHQEHUZHQLJ5HVVRXUFHQXQG %HZlOWLJXQJVVWUDWHJLHQRGHUJHK|UHQGHU *UXSSHGHUZHQLJHUDNNXOWXULHUWHQ0HQVFKHQ DQ'HU*HQGHUDVSHNWZXUGHLQPHLQHU$UEHLW QLFKWJHVRQGHUWEHWUDFKWHWWURW]GHPZXUGHGHQ ZHQLJHUDNNXOWXULHUWHQ)UDXHQ]XJHVSURFKHQ KlXILJHUYRQ'LVNULPLQLHUXQJVHUIDKUXQJHQEH WURIIHQ]XVHLQDOVDQGHUH0LJUDQW,QQHQ$E ZHLFKHQG]XU(PSLULHNRPPHQTXDQWLWDWLYH 5 6WXGLHQMHGRFK]XGHP5HVXOWDWGDVVVLFKEH VRQGHUV0lQQHUPLW0LJUDWLRQVKLQWHUJUXQGEH QDFKWHLOLJWXQGDXVJHJUHQ]WIKOHQ'LHVHU 3XQNWPXVVQlKHUGXUFKOHXFKWHWZHUGHQ   )D]LW $OOJHPHLQLVWIHVW]XVWHOOHQGDVVHV]XU)RU VFKXQJVIUDJHZHQLJ6WXGLHQHUJHEQLVVHLQ 'HXWVFKODQGJLEWGHQQLQGHU/LWHUDWXUZHUGHQ PHLVW*HVXQGKHLWXQG0LJUDWLRQEHKDQGHOW 8QWHUVXFKXQJHQLP+LQEOLFNDXI$XVZLUNXQ JHQYRQ$OOWDJVUDVVLVPXVDXIGLH*HVXQGKHLW EOHLEHQKlXILJDXV'LH7DEXLVLHUXQJYRQ5DV VLVPXVDEHUDXFKGLHMDKUODQJH9HUOHXJQXQJ DXISROLWLVFKHU(EHQHGDVV'HXWVFKODQGHLQ (LQZDQGHUXQJVODQGLVWHUVFKHLQWDXVVFKODJJH EHQGI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KUWGD]XGDVV5DVVLV PXVQXUDOV5DQGWKHPDEHWUDFKWHWZLUGZHO FKHVVLFKDOV3KlQRPHQUHFKWVH[WUHPHU=HOOHQ DEHUQLFKWDOV3UREOHPZHOFKHVVLFKLPDOOWlJ OLFKHQ]ZLVFKHQPHQVFKOLFKHQ+DQGHOQRIIHQ EDUWHLQJHVWXIWZLUG'DVHQWVSULFKWQLFKWGHU :LUNOLFKNHLW$XVGLHVHP*UXQGZLUGGLH)RU GHUXQJDQGLH3ROLWLNJHVWHOOWGLHVHV 7DEXWKHPDDXI]XEUHFKHQXQG]XWKHPDWLVLHUHQ 'DVVHOEHJLOWIUGLHPHGLDOH%HULFKWHUVWDWWXQJ GHQQGLH6WXGLHQHUJHEQLVVHNRPPHQ]XGHP NULWLVFKHQ6FKOXVVGDVVSUHNlUH/HEHQVVLWXDWL RQHQLQ9HUELQGXQJPLW'LVNULPLQLHUXQJVHU IDKUXQJHQ]XYHUVFKLHGHQHQ(UNUDQNXQJIK UHQN|QQHQ'DEHLVLQGGLVNULPLQLHUHQGH3UDN WLNHQQLFKWQXU*HVXQGKHLWVJHIlKUGHQGVLH YHUVWR‰HQDXFKJHJHQGDV*HVHW] VLHKHKLHU]X *UXQGJHVHW]$UWLNHOXQGGDV$OOJHPHLQH *OHLFKEHKDQGOXQJVJHVHW]            4XHOOHQ $QWRQRYVN\$DURQ  6DOXWRJHQHVH=XU(QWP\V WLIL]LHUXQJGHU*HVXQGKHLW7ELQJHQ %XQGHVDPWIU0LJUDWLRQXQG)OFKWOLQJH   KWWSZZZEDPIGH6KDUHG'RFV'RVVLHUV'(KHU NXQIWVO&$QGHULQIRUPDWLR QHQKWPO"QQ  QRW)LUVW WUXH GRF,G  >XP8KU@ +LLN  +HLGHOEHUJHU,QVWLWXWHIRULQWHUQDWLRQDO UHVHDUFK&RQIOLFW%DURPHWHU+HLGHOEHUJ KWWSGHVWDWLVWDFRPVWDWLVWLNGDWHQVWXGLHXP IUDJHIOXHFKWOLQJHELQQHQIOXHFKWOLQJHXQGDV\OVXFKHQGH ZHOWZHLW>XP8KU@ .DDV/HR0DQJHU&KULVWLDQ  (WKQLF'LVFULPL QDWLRQLQ*HUPDQ\V/DERXU0DUNHW$)LHOG([SHULPHQW %RQQKWWSIWSL]DRUJGSSGI>XP@ ,JHO8OULNH  'HU(LQIOXVVYRQ'LVNULPLQLHUXQJV HUIDKUXQJHQDXIGLH*HVXQGKHLWYRQ0LJUDQW,QQHQLQ 3V\FKLDWULVFKH3UD[LV1U6 .LORPED*UDGD  'DV1:RUWLQQDK  IHUQ'DV.XOWXUPDJD]LQIU0LJUDWLRQXQG3DUWL]LSDWLRQ 1U6 /HLSUHFKW5XGROI  5DVVLVPHQQLFKWQXUEHL-X JHQGOLFKHQ%HLWUlJH]X5DVVLVPXVIRUVFKXQJXQG5DVVLV PXVSUlYHQWLRQ2OGHQEXUJKWWSZZZVWDIIXQLROGHQ EXUJGHUXGROIOHLSUHFKWGRZQORDG/HLS5DVVLVP-XJHQG 1HXSGI>XP@ 0HPPL$OEUHFKW  5DVVLVPXV+DPEXUJ 0LJUDWLRQ,QIR  'HXWVFKODQG6WXGLH]X$XVZLU NXQJHQGHU1LFKWDQHUNHQQXQJDXVOlQGLVFKHU$EVFKOVVH KWWSZZZPLJUDWLRQLQIRGHPXEBDUWL NHOSKS",G >XP@ 0LJUDWLRQVUDW%HUOLQ %UDQGHQEXUJ   KWWSZZZPLJUDWLRQVUDWGHLQGH[SKS"RSWLRQ FRPBFRQ WHQW YLHZ DUWLFOH LG QDFKZLHYRULVWUDVVLVPXV GDVKDHXILJVWHWDWPRWLY FDWLG GLVNULPLQLH UXQJ ,WHPLG XP8KU 0RRVPOOHU$ORLV QG .XOWXUHOOH'LIIHUHQ]'LV NXUVHXQG.RQWH[WHZZZLNNXQLPXHQFKHQGHGRZQ ORDGPELNNBPRRVPXHOOHUSGI>XP8KU@ 1RDK6RZ  5DVVLVPXVXQG.RORQLDOLVPXVLQ $UQGW6XVDQ2IXDWH\$OD]DUG1DGMD:LH5DVVLVPXV DXV:|UWHUQVSULFKW . (UEHQGHV.RORQLDOLVPXVLP:LV VHQVDUFKLYGHXWVFKH6SUDFKH(LQNULWLVFKHV1DFKVFKODJH ZHUN0QVWHU6 2VZDOG,QJULG  1HXH0LJUDWLRQVPXVWHU)OXFKW DXVRGHULQhEHUIOVVLJNHLWLQ%XGH+HLQ]:LOOLVFK $QGUHDV +UVJ 'DV3UREOHPGHU([NOXVLRQ$XVJH JUHQ]WH(QWEHKUOLFKHhEHUIOVVLJH+DPEXUJ6  6 3UDVDG1LYHGLWD  *HZDOWXQG5DVVLVPXVDOV5L VLNRIDNWRUHQIUGLH*HVXQGKHLWYRQ0LJUDQW,QQHQLQ +HLQULFK%|OO6WLIWXQJ'266,(50LJUDWLRQ *HVXQG KHLW6 3HXFNHU0DULR  $UEHLWVPDUNWGLVNULPLQLHUXQJ YRQ0LJUDQW,QQHQ=ZLVFKHQVWUXNWXUHOOHQ%DUULHUHQXQG LQWHUSHUVRQHOOHU$XVJUHQ]XQJLQ+HLQULFK%|OO6WLIWXQJ +UVJ 5DVVLVPXVXQG'LVNULPLQLHUXQJLQ'HXWVFKODQG %HUOLQ6 5REHUW.RFK,QVWLWXW  6FKZHUSXQNWEHULFKWGHU *HVXQGKHLVWEHULFKWVHUVWDWWXQJGHV%XQGHV0LJUDWLRQ XQG*HVXQGKHLW%HUOLQKWWSZZZUNLGH'(&RQ WHQW*HVXQGKHLWVPRQLWRULQJ*HVXQGKHLWVEHULFKWHUVWDW WXQJ*%('RZQORDGV7PLJUDWLRQSGI"BBEORE SXEOLFD WLRQ)LOH>XP@ 5RPPHOVSDFKHU%LUJLW.ROODN,QJULG  ,QWHU NXOWXUHOOH3HUVSHNWLYHQIUGDV6R]LDOXQG*HVXQGKHLWV V\VWHP)UDQNIXUWDP0DLQ 6WDWLVWLVFKHV%XQGHVDPW  KWWSVZZZGHVWD WLVGH'(3UHVVH6HUYLFH3UHVVH3UHVVHPLWWHLOXQ JHQ3'BBKWPOMVHVVLR QLG &$$)&)&&$&&$'&'FDH >XP8KU@ 6GGHXWVFKH=HLWXQJ  KWWSZZZVXHGGHXW VFKHGHSROLWLNJXWDFKWHQ]XVDUUD]LQHLQGHXWLJUDVVLV WLVFK 7RSFXg]OHP  1XUHLQ7UNH"LQ'LH=HLW1U  81(6&2  (UNOlUXQJJHJHQGHQ5DVVH%HJULII KWWSXQVHUHGHUDVVHEHJULIIXQHVFRKWP>XP 8KU@   7