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 collective 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.