Estrategia del fondo

To achieve long term total return by investing at least two-thirds of the Funds assets in equities and equity-related securities of Smaller Companies with their registered office in the United States of America; and/or, of Smaller Companies which have the preponderance of their business activities in the United States of America; and/or, of holding companies that have the preponderance of their assets in Smaller Companies with their registered office in the United States of America. For the purpose of this Fund, Smaller Companies are defined as companies with a market capitalisation in the Base Currency of the Fund, as at the date of investment, of under US$5 billion. The Fund is actively managed. The Fund aims to outperform the Russell 2000 Index (USD) benchmark before charges. The benchmark is also used as a reference point for portfolio construction and as a basis for setting risk constraints. In order to achieve its objective, the Fund will take positions whose weightings diverge from the benchmark or invest in securities which are not included in the benchmark.