The sub-fund invests a minimum of 75% of its net assets in equities, with no geographical (including equities of companies based in emerging countries), sectoral or currency restrictions.Companies are selected based on their intrinsic quality and valuation. Sub-fund may invest up to a maximum of 49% of its net assets in UCITS and other collectiive investment schemes (including Exchange Traded Funds (ETFs)) that are treated as UCITS and/or collective investment schemes and are subject to supervision deemed equivalent by the CSSF). In addition, the Management Company may charge the sub-funds for financial research used by the Management Company in managing the sub-funds.