The investment objective of the Fund is to provide capital appreciation primarily through investment in quoted securities on a worldwide basis. It will be the normal policy of the Fund to invest mainly in equities.
It will be the normal policy of the Fund to invest mainly in equities. However, the Fund may invest on a short term basis not more than 15 percent. of the Net Asset Value of the Fund in Fixed Income Securities and preferred stock, if the fund manager considers this course of action appropriate to the goal of maximising capital growth.