To provide long-term capital growth by investing primarily in companies of the Middle East, Africa and emerging markets of Europe. At least 67% of assets invested in equities of companies that are domiciled, or carrying out the main part of their economic activity, in the Middle East, Africa and emerging market countries of Europe. The Sub-Fund may also have significant positions in specific sectors or markets from time to time. The Sub-Fund may be concentrated in a limited number of securities. The Sub-Fund may invest a significant portion of assets in natural resources companies and companies exposed to movements in commodities prices.