The objective of this Sub-Fund is to achieve long term capital appreciation, through a combination of capital growth and income, by investing primarily in a portfolio of emerging market equities (excluding China). The Sub-Fund is an equity-oriented Sub-Fund. Assets of the portfolio may be invested in equity related securities, such as American Depository Receipts. Financial techniques and instruments for hedging and/or non-hedging purposes may be used. Such financial techniques and instruments shall be used only to the extent they do not hinder the quality of the investment policy of the Sub-Fund.
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