The Fund is a European equity fund invested primarily in micro and small cap stocks with high growth potential. The objective of the discretionarily managed Fund is to achieve, over the recommended 5-year investment horizon, long-term growth higher than that of its benchmark: 50% MSCI Europe Micro Cap NR + 50% MSCI Europe Micro Ex UK (dividends reinvested). However, the Fund does not aim to replicate in any way the performance of this index. The Fund will invest at least 75% of its net assets in equities of companies whose registered office is located in the European Economic Area (EEA).