The investment objective of the Sub-Fund is to seek capital appreciation. To achieve the investment objective, Prudence Asset Management Pte. Ltd. (the "Investment Manager") intends to invest in debt instruments and publicly-traded equities issued by companies with significant business exposure to Asia. The Sub-Fund seeks to invest primarily in long and short positions, either directly or indirectly through derivatives in the case of long positions or indirectly through derivatives only in the case of short positions, in debt instruments and publicly-traded equities. The Sub- Fund is not limited to any particular industry or sector in pursuing its investment objectives. The Sub-Fund is authorised to utilise a broad range of securities, derivatives and investment techniques, which include, among others: debt securities and instruments of government and corporate issuers - both investment grade and non-investment grade, including unrated, high yield and distressed securities (such distressed securities not being expected to exceed 10% of the Sub-Fund's net asset value), convertible bonds, AT1 bonds and contingent convertible bonds (such AT1 bonds and contingent convertible bonds will not exceed 20% of the Sub-Fund's net asset value), total return swaps, credit default swaps, options, warrants, futures and index derivatives, credit-linked notes and asset-backed securities (such asset-backed securities will not exceed 10% of the Sub-Fund's net asset value), equities and equity related securities, currencies (including FX), cash and cash equivalents, including but not limited to short-term corporate or government obligations and money market instruments as well as money market funds. The Sub-Fund may invest in transferable securities and money market instruments of non-OECD countries.