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The Sub-Fund’s investment objective is to achieve long term capital growth by investing directly and/or indirectly in a diversified portfolio of equities, debt securities of any kind, including high yield bonds, money market instruments, cash and cash equivalents, financial derivatives instruments. Sub-Fund may invest in equity up to 70% of its assets mainly exposed to Asian Pacific markets, including also Middle-East, Russia and Turkey. Direct investments in Russian equity market and/or Chinese A-shares are not allowed. Notwithstanding this, the Sub-Fund can invest in American Depositary Receipts (the “ADRs”), Global Depository Receipts (the “GDRs”) and European Depositary Receipt (the “EDRs”) which can themselves have Chinese and/or Russian stocks as underlying.