The objective of the Global Equities Sub-Fund is to achieve capital growth over the medium-term by managing a diversified portfolio of international shares.
The Global Equities Sub-Fund will pursue a dynamic management strategy with its net assets invested mainly in shares. The Global Equities Sub-Fund may, furthermore, invest in units of open-ended undertakings for collective investment which in turn invest in the above mentioned transferable securities. In this respect, the Global Equities Sub-Fund will however not invest in undertakings for collective investment which are subject to a management fee of more than 3% p.a.. The amount of the management fee borne by the Global Equities Sub-Fund as well as the relevant underlying undertakings for collective investment will be indicated in the Fund’s annual report.