Description

The fund typically commits at least 80% of its net assets to equity investments in companies based in developing nations. It has the flexibility to invest in enterprises of any size, including those with small or medium market capitalizations. A limited portion, up to 5% of its assets, may also be allocated to frontier markets, which are generally characterized by being smaller, less liquid, and less mature than emerging economies. To achieve exposure to these stock markets, the fund often utilizes indirect methods, such as Depositary Receipts and participatory notes.