This fund typically allocates a minimum of 80% of its capital to equity-based investments in companies operating in emerging markets. The fund's sub-advisers classify an "emerging market company" as one that is listed or domiciled within these markets, generates over 50% of its revenues or profits from them, or holds more than half of its assets there. The permissible equity holdings for this fund comprise ordinary shares, preference shares, and depositary receipts.
