Description

The fund's core objective is to maximize long-term capital appreciation. To achieve this, it typically allocates a minimum of 80% of its total assets (including funds acquired through borrowing for investment purposes) to companies with significant economic ties to countries deemed to have emerging securities markets. The portfolio managers define these emerging markets as nations whose capital markets are less developed than those in established economies, particularly concerning investor participation, analyst coverage, market liquidity, and/or regulatory frameworks.