The Fund aims to provide capital growth and income by investing primarily in a globally diversified portfolio of Convertible and Exchangeable bonds. The Sub-Fund is actively managed without reference to a benchmark. The Sub-Fund aims at investing in companies which have an attractive long-term value creation. At least 90% of its net assets (excluding cash, derivatives or any such non-applicable instruments) will promote E/S characteristics according to the investment process and to the policy of the Investment Manager Alken Asset Management Ltd.