The investment objective of the Fund is to achieve capital appreciation through investment primarily in quoted securities which are issued by public companies with principal offices or significant business activities in the Asian region, excluding Japan. It will be the policy of the Fund to invest primarily in quoted equity securities listed or traded on Recognised Markets worldwide. However subject to the UCITS Regulations, the Fund may invest up to 10% of its net assets, on a short term basis, in un-quoted equity securities which are issued by companies with principal offices or significant business activities in the Asian region, excluding Japan and up to 15% of its assets, on a short term basis, in Fixed Income Securities and preferred stock, where it is considered appropriate to achieve the investment objective of the Fund.