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The investment objective of the Sub-Fund is to generate positive returns for its investors over the long term (over the investment cycle, at least 4-5 years) via capital appreciation and dividends, by investing in global equities. The investment philosophy for the Sub-Fund is based on the belief that listed equity markets over time are efficient and reflect the underlying value of relevant assets, businesses and the quality of management teams. However, it is also true that in the short term this market efficiency is sometimes lacking, and the market is slow to reflect changes in specific catalysts, such as companies´ investments and prospects as well as cycles. All these offer the Sub-Fund opportunities to generate superior risk adjusted returns for its investors over the investment cycle.
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