The Fund aims to increase the value of your investment over time through total return, using a combination of income and capital growth. Under normal market conditions, the Portfolio typically invests at least 80% of its assets in debt securities of issuers that are organised, or have substantial business activities, in Emerging Markets. These securities may be below investment grade. In actively managing the Portfolio, the Investment Manager invests flexibly across sectors (types of bonds), industries, countries, currencies and credit qualities and seeks to balance risk and return characteristics.