The objective of the Fund is to track the equity market performance of developed and emerging markets. The investment policy of the Fund is to track the performance of the S&P Global Select Capped Index (the Index) as closely as possible. The Index measures the performance of the global equity markets as a whole, covering large, mid and small cap equity securities from both developed and emerging markets. In each rebalance, the Fund invest 80% of its net assets in large and mid cap equity securities (the Large and Mid Cap Universe), and 20% in small cap equity securities (the Small Cap Universe).