The fund aims to achieve a long-term increase in the value of your investment as well as an enhanced level of income. The fund is actively managed. It is not constrained by its comparator benchmark, the FTSE All World Developed Europe NR Index, and has significant freedom to invest in a portfolio that is materially different to the benchmarks own composition. The fund seeks to achieve its objective by investing at least 75% of its assets in equities of European companies. Equity exposure will normally be well above the minimum stated level.