The objective is to seek maximum capital appreciation without undue risk, taking into consideration liquidity of the assets and security of the joint capital of the company.
This Subfund invests at least two-thirds of its assets in equities and equity rights of companies that are domiciled in the United States or are chiefly active in the United States. Through a combination of long investments/exposures and short exposures, the Subfund aims to have a risk profile which under normal circumstances is limited to +/-100% of its net assets. This may vary from 80% to 120% according to shifts in valuations of the underlying securities or factors such as size, style etc. which the sub-fund may have exposure to. The Subfund will never make physical short sales in equities and equity rights.