The Fund seeks to maximise total returns. Its objective will be to outperform the MSCI Russia Index through an active asset allocation approach between equity securities and cash instruments. The Fund will be defensively positioned during times of anticipated market weakness and will be fully invested during anticipated times of market strength. It is anticipated the Fund will exhibit a high degree of volatility with respect to the index over short periods of time, but the objective will be significant outperformance of the index over a rolling 3-5 year time period.
The Fund seeks capital growth but there can be no guarantee this will be achieved.
Assets of the Fund may be hedged against different currencies at the discretion of the Investment Manager.