The Fund is managed according to a passive approach and is a Full Replication Fund. The investment objective of the Fund is to track the performance before fees and expenses of an index which is designed to reflect the performance of the shares of companies from developed market European countries. In order to seek to achieve the investment objective, the Fund will adopt a Direct Investment Policy and will aim to replicate or track, before fees and expenses, the performance of the STOXX Europe 600 Index by holding a portfolio of equity securities that comprises all, or a substantial number of, the securities comprised in the Reference Index.