The investment objective is long-term capital appreciation aiming at achieving superior risk-adjusted returns. While respecting the principle of risk diversification, the Sub-Fund invests at least 80% of its net assets in equities, equity-like transferable securities, participation certificates including depositary receipts, such as American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and European Depositary Receipts (EDRs), etc. issued by or for small- and mid-capitalization companies globally. The Sub-Fund may hold assets denominated in currencies other than its reference currency.