The investment objective of the Portfolio is long-term growth of capital.
The Portfolio seeks to achieve its investment objective by investing in a portfolio of equity securities of companies in emerging markets. Emerging markets include but are not limited to those countries listed in the MSCI Emerging Markets Index.
The Portfolio will invest at least two-thirds of its assets in emerging markets issuers and at least 50% of its net assets in equity securities. Emerging market and frontier market companies include any company that (i) is domiciled or organized in; (ii) is established and conducting business in; (iii) conducts a significant part of its economic activities in; or (iv) has business activities that are meaningfully impacted by economic developments in, emerging markets or frontier markets.