The aim of the Fund is to seek to achieve a total return primarily through investment in units of collective investment schemes managed by the Manager.
The Fund will invest mainly in underlying funds which are themselves invested in equities and which track appropriate equity indices with an emphasis on indices on markets outside the UK. The Manager may from time to time hold positions in government securities and other fixed interest investments whether in the UK or overseas, and cash. Derivatives and forward transactions may be used for hedging purposes and meeting the investment objectives of the Fund. The scheme property of the Fund will in all cases be restricted to investment in property which is eligible as a permitted link in IPRU (INS), or such other equivalent rules as may replace them from time to time.