The fund aims to increase the value of shareholders' investments primarily through capital growth over a five-year period. The fund invests principally (at least 80% of its assets) in equities of companies that are listed, headquartered or that have a significant part of their activities in emerging market countries, excluding China with no restriction on economic areas. In this context, emerging market countries excluding China means countries included in the MSCI Emerging Markets Ex China Index and those countries included in the World Bank definition of developing economies excluding China, or those countries which are, in the Investment Manager's opinion, developing countries. The fund may invest in small and mid-cap companies but there is no restriction or constraint to the fund in terms of market capitalization.