The investment objective is to achieve long-term capital growth. The Fund is actively managed and in order to achieve its investment objective, the Investment Manager will invest in the shares or units of collective investment schemes, being UCITS and ETFs (Target Funds), in a manner consistent with the UCITS Regulations and Central Bank requirements, in order to provide indirect exposure to a diversified global equity portfolio. The Target Funds which the Fund may invest in will be established in the EU. Such ETFs will also be authorised as UCITS. The Fund will seek to provide indirect exposure to equities within a range of 80% to 100% of net assets.