The objective of the investment policy of the fund is to generate an above-average return for the sub-fund. At least 70% of the sub-fund’s assets are invested in interest-bearing debt securities that are issued by companies based in an Emerging Market or those that conduct their principal business activity in such a country. Emerging Markets are countries that are part of the index ‘JPM Corporate Emerging Market Bond Index Broad (CEMBI Broad)’ or that are classified as ‘emerging market and developing economies’ by the International Monetary Fund (World Economic Outlook). Countries listed as low or middle (both lower middle and higher middle) income by the World Bank will determine if a country is an emerging market if such country is not listed in the CEMBI Broad index and if it is not classified as ‘emerging market and developing economy’ by the International Monetary Fund.