The investment objective is to provide long-term capital appreciation and will seek out performance above the level of its benchmark
The sub-fund targets long-term capital growth.
The sub-fund invests predominantly in transferable equity securities such as equities, other equity shares such as co-operative shares and participation certificates issued by, or warrants on transferable equity securities of, companies which are domiciled in or exercise the predominant part of their economic activity in North America.
The minimum asset allocation in such securities on a consolidated basis (direct and indirect investments) will be of 60% of the sub-fund's net assets (after deduction of the sub-fund's cash).
The sub-fund may also hold on an ancillary basis cash and cash equivalents including certificates of deposit and short-term deposits.