The Sub-Fund's objective is to seek capital appreciation by investing in a range of transferable securities and/or other liquid financial assets. The Investment Manager will actively select equities and equity related instruments that satisfy environmental, social and corporate governance criteria ("ESG criteria") and will invest exclusively in Emerging Markets Corporates issuers which satisfy a sufficient ESG Scoring Threshold. The ESG criteria and the ESG Scoring Threshold are determined by the Investment Manager, using the ESG Scoring Process and pursuant to a relevant issuer"s sustainability by assessing the strength and enduring nature of their competitive advantages, which are supported by long term planning and investment. Such investments, with the exception of cash, Money Market Instruments and derivatives used for hedging and cash management purposes will constitute 100% of the Sub-Fund"s investments. Investments in equity-related instruments, Money Market Instruments and derivative instruments shall not exceed 50% of the total investments made by this Sub-Fund. The Sub-Fund may, on an ancillary basis, hold cash and invest in Money Market Instruments including in money market UCITS or UCIs denominated in US$ or other currencies Investments made in UCITS and/or UCI may not in aggregate exceed 10% of the net assets of the Sub-Fund. The Sub-Fund may also be invested in financial instruments whose value derives from the value and characteristics of one or more underlying assets (derivatives) and engage in certain techniques for hedging purposes and efficient management of assets including total return swaps, repurchase and reverse repurchase agreements, subject to the limits in the Prospectus. The Sub-Fund uses top-down country allocation combined with fundamentally-driven, bottom-up stock selection for its investment process. Considering the recommended holding period of 5 years being compatible with a medium to long-term investment horizon, the performance of the Sub-Fund depends on the medium to long-term performance of the aforementioned investments. The Sub-Fund is actively managed by Ashmore Investment Management Limited (the "Investment Manager") and references MSCI EM Total Return Net (the "Benchmark") as part of its investment process for the purpose of comparing its performance against that of the Benchmark. The Investment Manager has full discretion over the composition of the portfolio of the Sub-Fund.