The investment objective of the Fund is to provide investors with both income and long-term capital appreciation. The Fund intends to invest in a portfolio of primarily global (which may include emerging markets) equity securities, issued by companies deriving a significant proportion of their business (at least 50% of revenues) from the financing, development, construction and operation of real assets including infrastructure and real estate. The Fund will not invest in infrastructure or real estate directly. The infrastructure companies the Fund invests in may be organised as corporates, listed closed-end vehicles or other structures traded on a Recognised Exchange and will generate a majority of their revenues from assets active in sectors including utilities, transportation, communications and energy. The real estate companies the Fund invests in will primarily be Real Estate Investment Trusts (REITs) that are traded on a Recognised Exchange. The Fund intends to invest primarily in companies which pay dividends, but may invest in companies which do not pay dividends. Under normal market conditions the Fund intends to invest in 30-40 stocks, with as little as 20 stocks outside normal market conditions. The Fund is considered to be actively managed in reference to the MSCI World Core Infrastructure (the "Benchmark") It uses the Benchmark solely for performance comparison purposes. Derivatives (a contract the value of which depends on the value of one or more underlying assets) may be used to manage the risk profile of the Fund, reduce cost or generate additional capital or income. Currency hedging arrangements may be used to reduce the risk of currency movements in the value of overseas investments held by the Fund.