Description

The primary objective of this Fund is to generate long-term capital growth by mirroring the performance of a benchmark index. This index measures the returns of large and medium-sized company shares within developed European economies. The Fund's investment approach dictates that it will maintain a substantial allocation to common stocks. Specifically, at least two-thirds of its net assets (excluding short-term liquid holdings) will consistently be invested in equities that meet the index's specific screening criteria. Up to one-third of the net assets (excluding such liquid holdings) may be deployed into convertible securities, equity-linked notes, and short-term fixed income instruments.