This Sub-Fund (denominated in USD) seeks capital conservation and growth.
This Sub-Fund aims to provide medium to long-term capital growth from a diversified and actively managed portfolio of primarily equity issued by Brazilian companies (i.e. domiciled in Brazil) listed on the Brazilian stock exchanges. This will also include American Depository Receipts (ADR's) and Global Depository Receipt (GDR's). Relative weightings between sectors in which this Sub-Fund will invest are not fixed and investments are largely determined as a result of individual stock selection.