The investment policy of the Fund is to track the performance of the MSCI Emerging Markets Index (or any other index determined by the Directors from time to time to track substantially the same market as the MSCI Emerging Markets Index and which is considered by the Directors to be an appropriate index for the Fund to track, in accordance with the Prospectus) (the ?Index?) as closely as possible, while seeking to minimise as far as possible the tracking error between the Fund?s performance and that of the Index.The MSCI Emerging Markets Index is a free float-adjusted market capitalisation index that is designed to measure equity market performance of emerging markets.
