The Sub-Fund aims to maximise total returns from income and capital growth. The Sub-Fund invests primarily (meaning at least two-thirds of the Sub-Fund's Net Asset Value) in equity and equity-related securities (common and preferred stock, American depositary receipts and global depository receipts (collectively “Depositary Receipts”), listed real estate investment trusts (“REITs”) and master limited partnerships (“MLPs”)), issued by “large-capitalisation companies” located in the U.S. The term “large-capitalisation companies” shall be taken to include securities of companies which, at the time of purchase, have a market capitalisation of US$2 billion or above.
