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The Fund has policy to focus on investment in the investment units of only foreign mutual fund (Feeder Fund). The Fund’s average investment in such fund per accounting year will not be less than 80 % of the Fund Net Assets Value (NAV) i.e. in the investment units of “Emerging Markets Investment Grade Debt Fund” (“Master Fund”) in category of “I share class” invested in USD which is established in accordance with the law of Luxembourg and under UCITS, the Fund is under the management of Investec Asset Management Limited. The Fund aims to achieve provide income and generate capital gains over the long term, primarily through investment in public sector and sovereign Investment Grade bonds issued by emerging market borrowers or that derive a predominant part of their economic activity from emerging market countries. A maximum of 10% of the value of the Sub-Fund may consist of Non-Investment Grade instruments.
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