The Fund’s investment objective is to achieve a total return over the medium term, which should be considered as a period of 3-5 years, by predominantly investing in the shares of European companies, not including the UK, listed on European stock exchanges. At least 80% of the Fund will be invested in the shares of European companies, not including the UK. European companies are those domiciled in Continental Europe, or which have significant European business operations. The Fund will typically invest in larger companies worth €3 billion or more.