The Fund is actively managed in reference to the Index. The Fund aims to outperform the Index Benchmark, MSCI World (the Index), over the long term by investing in an actively managed portfolio of equity securities and/or depositary receipts issued by global companies. Under normal circumstances, the Sub-Fund will invest at least 80% of its assets in equity securities or depositary receipts issued by global developed market companies. It may also invest up to 15% of its assets in equity securities and/or depositary receipts of emerging market companies.