The Sub-Fund’s investment objective is to seek capital appreciation over the medium to long term by implementing the Investment Strategy (as defined below), as described below in further detail. Please see “Investment Strategy and Investment Process” below for details of the strategy of the SubFund. There can be no guarantee that the Sub-Fund will achieve its investment objective. The Net Asset Value per Share will fall or rise depending on the movements in the markets and Shareholders may get back substantially less than they invested if the investments do not perform as expected. The Sub-Fund does not offer a protection of capital, however the maximum loss an investor may incur is limited to its investment in the Sub-Fund.
