Description

Typically, this fund commits a substantial portion—at least 80%—of its net assets, including any borrowed capital for investment, to purchasing equity instruments, such as common and preferred stocks, issued by entities based in developing economies. The portfolio has the flexibility to diversify its holdings across various emerging market nations. The sub-advisor classifies emerging market countries as any nation that is not Canada, Luxembourg, the United States, or one of the countries included in the MSCI EAFE Index.