The Sub-Fund aims to track the performance of "MSCI EM Universal Net Eur Index (Bloomberg ticker:NE712649), in EUR (the "Reference Benchmark"), and to minimize the tracking error between the net asset value of the ETF the performance of the Reference Benchmark. In order to achieve its investment objective, the Sub-Fund invests all, or substantially all of its net assets in: a basket of transferable securities composed of equities, swaps and ancillary liquid assets.