The investment objective of the Sub-Fund is to achieve long term capital growth while maintaining stable income. This will be achieved by investing primarily in a globally diversified portfolio of underlying ETFs whose underlying assets cover the risk return spectrum. The Sub-Fund seeks to diversify its portfolio across a broad range of underlying asset classes and currencies globally, including emerging markets. Such underlying assets may include, but are not limited to equity securities, fixed income securities, commodities and money market instruments.
Underlying ETFs selection
The Underlying ETFs will be selected by reference to their appropriateness to meet the investment objective and the desired asset exposure required by the Manager in accordance with the investment strategy of the Sub-Fund. The Manager does not intend to have an investment focus in terms of sector, industry or market capitalisation.
The Sub-Fund will invest at least 70% (but less than 100%) of its Net Asset Value in the Underlying ETFs. The asset allocation of the Sub-Fund will change according to the Manager’s views of fundamental economic and market conditions and investment trends, taking into consideration factors such as liquidity, costs, timing of execution, relative attractiveness of individual securities and issuers available in the market.
Indicative asset allocation
The following is an indication of the underlying asset allocation of the Sub-Fund: