The Sub-Fund seeks to achieve long-term capital growth through a dynamic growth strategy by investing primarily in global equity securities and equity-related securities of companies that demonstrate strong growth potential across various sectors, regions and market capitalisations.

The Investment Manager will employ an active and flexible approach to dynamically adjust portfolio allocations in response to changing market conditions, economic cycles and emerging growth themes, with the aim of capturing superior capital appreciation opportunities while managing risk. The Sub-Fund may invest in sectors including but not limited to information technology, communication services, consumers, industrials, financials and materials.

To achieve this investment objective, the Sub-Fund will invest primarily (at least 70% of its net assets) in equity securities (including, but not limited to, common shares, preference shares, American depositary receipts ("ADRs") and global depositary receipts ("GDRs")) and equityrelated securities (including, but not limited to, eligible exchange traded funds (the ETFs) provided that the primary underlying assets of these ETFs are eligible investments for this SubFund) listed worldwide.

As part of its global strategy, the Sub-Fund may have an allocation to PRC companies up to 69% of its net assets through investments in (i) China A-Shares listed on the SSE and the SZSE, which may include shares listed on the ChiNext market of the SZSE and/or the Science and Technology Innovation Board of the SSE, which the Sub-Fund will access using Stock Connect or via the QFI status of the Investment Manager, (ii) China B-Shares listed and traded in USD on the SSE and HKD on the SZSE, (iii) China H-Shares denominated in HKD and traded in Hong Kong and (iv) companies that are listed and traded in the United States (including but not limited to ADRs) or other securities markets (being a Regulated Market or Other Regulated Market), and are either incorporated in mainland China or whose operations are focused mainly in, or which derive a significant amount of revenue from mainland China.

The Sub-Fund will invest no more than 50% of its net assets in ADRs and GDRs.

Subject to the foregoing, the Sub-Fund’s investments will not be subject to any other geographic, industry, sector or market capitalisation restrictions.

The Sub-Fund may invest on an ancillary basis (up to 30% of its net assets) in investment grade fixed income securities, either directly or indirectly through the ETFs, such as corporate and government bonds. In case of a downgrade of a security to below investment grade or distressed or default (rated CCC+ (or equivalent by Standard & Poor’s, Moody’s or Fitch or an equivalent rating from an internationally recognized rating agency) or below), the Investment Manager may (i) sell a part or the entire amount of security held or (ii) terminate the transaction entered into, at its discretion. The decision will be based on an assessment implementing a risk versus reward compromise, taking into account, among other things, market liquidity, term of maturity, interest rates, creditworthiness of issuer and quality of collaterals. The Investment Manager will sell a security or terminate a transaction when the probability of additional losses is considered sufficiently strong or if the possibility of salvaging some of the value of the security is considered weak. To the contrary, the Investment Manager will keep the security in portfolio or remain in the transaction when the possibility and attractiveness of salvaging parts of the value of the security is considered strong. In any event, the Sub-Fund will not invest more than 10% of its total assets in non-investment grade securities or distressed or default securities.

The foregoing percentages may be derogated during the first six months following the launch of the Sub-fund while ensuring observance of the principle of risk-spreading.

The Sub-Fund will not invest in unrated fixed income securities or in securitized instruments such as collateralized loan obligations (CLOs), asset-backed securities (ABS), and mortgagebacked securities (MBS).

The Sub-Fund will not invest in financial derivatives instruments.

The Sub-Fund may hold ancillary liquid assets (i.e., bank deposits at sight, such as cash held in current accounts with a bank accessible at any time) up to 20% of its net assets in order to cover current or exceptional payments, or for the time necessary to reinvest in eligible assets provided under article 41(1) of the 2010 Law or for a period of time strictly necessary in case of unfavorable market conditions. On a temporary basis, for a period of time strictly necessary, and if justified by exceptionally unfavorable market conditions, the Sub-Fund may, in order to take measures to mitigate risks relative to such exceptional market conditions in the best interests of the investors, hold ancillary liquid assets up to 100% of its net assets.

In order to (i) achieve its investment goals, (ii) for treasury purposes, and/or (ii) in case of unfavorable market conditions, the Sub-Fund may hold cash equivalent (i.e., bank deposits excluding bank deposits at sight, Money Market Instruments, or money market funds) up to 30% of its net assets.

The attention of the Shareholders is drawn to the fact that the liquidity of the securities in which the Sub-Fund may invest may be temporarily limited.

The Sub-Fund will not enter into (i) repurchase or reverse repurchase agreements, (ii) securities lending and securities borrowings, and (iii) total return swaps. Should the Sub-Fund use any of these techniques, this Prospectus shall be updated accordingly.

The Sub-fund targets to generate a return higher than the performance benchmark, which is MSCI åACWI (the "Benchmark Index"). The Sub-fund uses the Benchmark Index for performance comparison purposes only. The Sub-fund is actively managed by the Investment Manager with complete discretion with respect to portfolio allocation and overall level of 152 exposure to the market. The Investment Manager is not in any way constrained by the Benchmark Index in its portfolio positioning. The deviation from the Benchmark Index may be complete or significant.

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