The Fund's investment objective is to provide income and capital growth. To achieve this objective, the Fund may invest, predominantly (being 80% of its assets) directly or indirectly (through the use of specialist financial instruments known as derivatives) in bonds and other debt instruments of issuers located in or with a significant economic link to emerging markets (developing countries). The Fund may invest up to 10% of its assets in short-term instruments, unlisted securities and equities or securities with equity type features listed on regulated markets worldwide. The Fund may invest up to 10% of its assets in structured notes. The Fund may gain market exposure indirectly through the use of specialist financial techniques (known as derivatives). Derivatives may be used to reduce the Fund's exposures to currency risk and interest rate risk, or to manage the Fund more efficiently. The bonds may be denominated in the currency of an emerging market. The Fund's exposure to these currencies and other currencies are actively managed meaning that the Fund's exposures will be increased or decreased from time to time, depending on the outlook for the respective currency.