"The UBS Global Emerging Markets Equity Fund (“the Fund”) is an actively managed Fund which invests more than 8N/A% of its assets in the shares of companies in emerging markets. Through our internal research process the manager invests in companies which we believe to be undervalued by the market at the time of purchase. This approach aims to add value to the Fund from anticipated rises in company share prices towards our estimates of fair value. Other information The Fund can also invest part of its assets in shares listed in non-emerging markets and other financial instruments such as collective investment schemes, warrants and derivatives Investors can buy or sell shares every UK working day. The income in respect of an accumulation share class is not distributed but is retained in the Fund and reflected in the share price. Important information: This Fund may not be appropriate for investors who plan to withdraw their money within 5 years of investment."