The sub-fund seeks long-term capital growth through investment primarily in listed Equity researched and selected on a world-wide basis (including Emerging Markets). This fund can invest in equities from any country that is included at any time in the MSCI All-Country World Index, Luxembourg and emerging markets. A small proportion of unlisted securities may also be purchased, subject to the investment restrictions detailed in the full Prospectus.This fund is managed on a stock-by-stock basis, without reference to index weighting.