The Fund aims to outperform its reference indicator over a recommended investment horizon of five years. It is an actively managed UCITS. The investment manager has discretion over the composition of its portfolio, subject to the stated investment objectives and policy. The Sub-Funds active, flexible management approach focuses on emerging equity markets (though not to the exclusion of other international markets) as well as foreign exchange and fixed income markets and relies on how the portfolio manager expects economic conditions and the markets to evolve.