The fund's objective is to achieve long-term capital growth. Specifically, the Sub-Fund seeks to outperform (after applicable fees) the MSCI EM Latin America index. The Sub-Fund invests mainly in Latin America equities. The Sub-Fund invests at least 67% of assets in equities and equity-linked instruments of companies that are headquartered, or do substantial business, in Latin America. The Sub-Fund may invest in P-Notes for the purpose of efficient portfolio management. While complying with the above policies, the remaining net assets of the Sub-Fund may also invest in other equities, equity-linked instruments, convertible bonds, bonds, money market instruments and deposits, and may invest up to 10% of net assets in UCITS/UCIs.