This Sub-Fund aims to generate total returns in line with global equity markets, via a combination of capital growth and income, but with lower volatility. The Sub-Fund will invest primarily (at least 70% of its net assets) in equities and equity-related securities of companies, which are listed, or to be listed, on any global stock exchanges, including Emerging Markets Worldwide. SFDR Classification: The Sub-Fund qualifies as an Article 8 fund. In choosing investments, the investment manager starts with a broad global universe of stocks and shortlists them on the basis of investability and desirable characteristics (e.g. value, positive analyst sentiment and quality among other factors). An optimization process then selects stocks from the shortlist and constructs a suitable low volatility portfolio with the desired characteristics. Constraints such as maximum stock weight, portfolio concentration, liquidity, sector, country and style relative exposures, etc. are applied in order to manage systematic and stock specific risk. The Sub-Fund may also invest in depository receipts, including ADRs and GDRs, debt securities convertible into common shares, preference shares and warrants.