The Fund is incorporated for an unlimited period and liquidation shall normally be decided upon by an extraordinary general meeting of shareholders subject to the quorum and majority requirements applicable for amendments to the Fund's articles of incorporation. The investment objective of the Sub-Fund is to create returns. To achieve this objective, the Investment Manager will invest generally in USD or USD hedged denominated transferable investment-grade-quality or speculative-grade debt securities that are issued or guaranteed by corporations, sovereign, quasi-corporations, supra-nationals and multilaterals domiciled in the emerging markets. The Sub-Fund may invest up to 40% of its Net Asset Value in other transferable investment-grade- quality or speculative-grade debt securities issued by corporations, sovereign, quasi-corporations, supra-nationals and multilaterals, money market instruments, deposits, cash and cash equivalent.