The investment objective of the Sub-Fund is to obtain capital appreciation in a global equity market outperforming
the index “MSCI World” by investing mainly in shares, certificates of shares and equity-like transferable securities. The Sub-Fund will hold a concentrated portfolio of approximately 7-25 companies promoting the exposure
to global equity markets (Europe, North America, Asia and emerging markets, which includes Russia and China.
For further details on the risks of investing in Russia and China, see the section of this Prospectus titled “Risks
related to investment in Russia” and “Risks related to investment in China”.
