The fund’s objective is to achieve a long term capital appreciation by investing at least two thirds of the assets in equities and Equity-linked Instruments of companies in Developing Countries. Such investments can be made through P-Notes, in case of a limited access to a stock market or for the purpose of efficient portfolio management.
Investments are based on a stock picking process which selects the equities of companies taking benefit from emerging countries growing demand in term of household consumption, domestic investments and infrastructure development.
The remaining part of the assets may be invested in the values and instruments described under “Introduction to the Equity Sub-Funds”. The “MSCI Emerging Markets” index represents the reference indicator of the Sub-Fund.