The Company’s investment objective is to achieve consistent returns for shareholders in excess of the MSCI Emerging Markets Net Total Return Index in Sterling terms (Bloomberg ticker: NDUEEGF Index) (the “Benchmark”). Until 31 October 2011 the Benchmark was the S&P/IFCI Emerging Markets Composite Index.
The Investment Manager invests in a portfolio of funds and products which give diversified exposure to emerging market economies and those of the Pacific Rim. The Investment Manager does not seek to replicate the Benchmark’s geographical distribution. The Company’s geographic asset allocation is derived from the Investment Manager’s analysis of prospects for regions and countries and of the underlying opportunities for investment.