The fund’s objective is to achieve capital appreciation primarily through investments in equities listed on Arab Stock Markets and in the listed debt instruments of corporate and sovereign Arab issuers. The Sub-Fund may also invest in companies registered in other countries that primarily have their business interest located in the Arab States. The Sub-Fund may also invest in fixed income securities and money market instruments. The Sub-Fund will try to achieve a defined absolute investment return per year, rather than being driven by an index or market cap. This Sub-Fund may also invest in investment funds which primarily invest in the same type of securities as described above. The Sub-Fund may also invest in warrants. Investors into this Sub-Fund should be aware of the specific risks that may be incurred by an investment in this Sub-Fund, notably those related to investments in Emerging Markets and the Middle East.