The investment objective of the Fund is to achieve long-term capital growth. The Fund aims to achieve its investment objective by investing primarily in shares of companies either in developing and emerging markets (countries that are in economic terms less developed than the major Western countries) or which carry out a significant proportion of their business activities in these markets. The Sub-Investment Manager incorporates environmental, social and governance criteria as part of its investment research and seeks to exclude companies that are directly involved in the following activities: (i) adult entertainment, (ii) coal production, (iii) gambling, (iv) tobacco, and (v) weapons production. The Sub-Investment Manager uses a growth style of investment, evaluating fundamental factors relating to companies, including the company's business model, the competitive landscape of the relevant industry, upcoming product releases to be introduced by the company and recent and projected financial metrics. Macroeconomic or country specific analyses are also utilized to evaluate the sustainability of a company's growth rate. The Fund is actively managed which means the Sub- Investment Manager is actively making investment decisions for the Fund. The Fund measures its performance for comparative purposes against the MSCI EM NR USD Index ("the Benchmark").