Direct and indirect investments into the equity and bond markets of the African Continent with long-term capital growth in USD being the objective. The Sub-Fund will (directly or indirectly) invest a minimum of 60% of its net assets in quoted equities and equity related securities. 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 (as described in section 4.2.4 of the prospectus), 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 more particularly in Africa.