The Fund aims to provide a combination of income and capital growth over the medium-to long term. The Fund seeks to achieve its objective by investing primarily in a flexible allocation to debt securities and global equities. Debt securities may be investment grade, non-investment grade, un-rated debt securities as well as asset backed securities. Debt securities may originate from all issuer types globally (including those from emerging markets).The Fund may also invest in cash, cash equivalents, money market instruments and any other transferable security across the investment universe. The Fund’s use of derivatives may include derivatives on credit, rates, equities and currencies and may be used to achieve both long and short positions. Non-Euro denominated investments are intended to be hedged back into Euro at the discretion of the Investment Adviser.