The sub-fund aims to provide long term capital growth by investing in a portfolio of Asian (excluding Japan) smaller company equities, while promoting ESG characteristics within the meaning of Article 8 of SFDR. The sub-fund invests in normal market conditions a minimum of 90% of its net assets in equities and equity equivalent securities of companies which are domiciled in, based in, or carry out the larger part of their business activities in Asia (excluding Japan) including both developed markets and Emerging Markets. The sub-fund may also invest in eligible closed-ended Real Estate Investment Trusts (“REITs”). The sub-fund will invest a minimum of 70% of its net assets in equities and equity equivalent securities of smaller companies, which are defined as those in the bottom 25% by market capitalisation of the Asia ex Japan universe, which is a combination of the MSCI AC Asia ex Japan and the MSCI AC Asia ex Japan Small Cap.