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The aim of the Sub-Fund is to seek to provide Unitholders with a total return, taking into account both capital and income returns, which reflects the return of the MSCI All Country World Index EUR (the “Benchmark Index”). In seeking to achieve its investment objective, the Sub-Fund invests in a portfolio of equity securities and equity-related securities that as far as possible and practical consists of the component securities of the Benchmark Index, but excluding equity securities of issuers that do not comply with the Sub-Fund’s environmental, social and governance investment policy (as described in the section headed “ESG Policy” of this Prospectus) (the “ESG Policy”). The Sub-Fund will also seek to invest in equity securities the issuers of which have in aggregate lower carbon emissions than the aggregate constituents in the Benchmark Index.
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