Investment Objective
To provide income and long term capital growth by investing primarily in income generating securities of countries in the Asia Pacific
region (excluding Japan).
Investment Policy
At least 67% of the Sub-Fund’s assets (excluding cash and cash equivalents) will be invested in equity securities, debt securities,
convertible securities and Real Estate Investment Trusts (“REITS”). Issuers of these securities will be companies that are domiciled in, or
carrying out the main part of their economic activity in, the Asia Pacific region (excluding Japan) or governments or their agencies of
countries in the Asia Pacific region (excluding Japan).
The Sub-Fund will hold between 25% and 75% of its assets in equity securities and between 25% and 75% of its assets in debt securities.
The Sub-Fund uses an investment process based on the fundamental analysis of individual securities and their income potential. The
Investment Manager will vary asset and country allocations over time to reflect market conditions and opportunities.
Certain countries in the Asia Pacific region may be considered emerging market countries.
The Sub-Fund may invest a significant proportion of its assets in below investment grade and unrated debt securities. There are no credit
quality or maturity restrictions with respect to the debt securities in which the Sub-Fund may invest.
Cash and cash equivalents may be held on an ancillary basis.
The Sub-Fund may also invest in UCITS and other UCIs.
The Sub-Fund may invest in assets denominated in any currency. The Investment Manager may choose to hedge all or some of the currency
exposure.
The Sub-Fund may use financial derivative instruments for the purposes of hedging and efficient portfolio management.
All of the above investments will be made in accordance with the limits set out in “Appendix II – Investment Restrictions and Powers”.