The investment objective of the sub-fund is to track the price and the performance, before fees and expenses, of an index that provides exposure to a portfolio of European equities. In order to seek to achieve its investment objective, the sub-fund will adopt a "passive management" investment strategy and will seek to employ a replication methodology, meaning as far as possible and practicable, it will invest in the securities in proportion to the weightings comprising the Solactive TC Quant EU 50 Index NTR.