The Portfolio aims to increase the value of your investment over time through capital growth, while seeking lower volatility than emerging equity markets (as measured by the MSCI Emerging Markets Index). Emerging markets include but are not limited to those countries listed in the MSCI Emerging Markets Index. Under normal market conditions, the Portfolio typically invests in equity securities of companies that are organised, have substantial business activities, or are impacted by economic developments, in Emerging Markets. These companies may be of any market capitalisation and industry.