The sub-fund aims to provide long term total return by investing in a portfolio of ASEAN equities. The sub-fund invests in normal market conditions a minimum of 70% of its net assets in equities and equity equivalent securities of companies which are domiciled in, based in, carry out the larger part of their business activities in ASEAN countries, The sub-fund may also invest in eligible closed-ended Real Estate Investment Trusts (“REITs”). The sub-fund normally invests across a range of market capitalisations without any capitalisation restriction.