The sub-fund aims to achieve capital growth over the long term. The fund invests at least 70% of its assets in equities of, and related instruments providing exposure to, companies throughout the world, including emerging markets. The fund may invest in the following assets up to the percentages indicated: • Emerging markets: up to 50% • Money market instruments: up to 20%. In actively managing the fund, the Investment Manager considers valuation metrics, company financials, return on capital, cash flows and other measures, as well as company management, industry, economic conditions, and other characteristics.