INVESTMENT POLICY AND STRATEGY OF THE TARGET FUND Sample Clauses

INVESTMENT POLICY AND STRATEGY OF THE TARGET FUND. The Sub-Fund invests mainly in emerging market equities. Specifically, the Sub-Fund invests at least 67% of assets in equities and Equity-linked Instruments issued by companies that are headquartered, or do substantial business, in emerging countries. Investments in Chinese equities can be made either through authorised markets in Hong Kong or through the Stock Connect. The Sub-Fund may also invest in P-Notes for the purpose of efficient portfolio management.The Sub-Fund’s total investment exposure to China A shares and B Shares (combined) will be less than 30% of net assets. There are no currency constraints on these investments. While complying with the above policies, the Sub-Fund may also invest in other equities, Equity-linked Instruments, convertible bonds, bonds, money market instruments and deposits, and may invest up to 10% of net assets in UCITS/UCIs. The Sub-Fund may use derivatives for hedging and efficient portfolio management. The base currency of the Sub-Fund is USD.
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