The objective of this Sub-Fund is to achieve long term capital appreciation by investing primarily in a diversified portfolio of emerging market equities. The Sub-Fund is an equity oriented Fund. Assets of the portfolio may be invested in equity related securities, such as convertible bonds. Financial techniques and instruments for hedging and/or non hedging purposes may be used. Such financial techniques and instruments shall be used only to the extent they do not hinder the quality of the investment policy of the Sub-Fund.