The Sub-Fund is an index-tracking UCITS passively managed. This Sub-Fund promotes environmental and/or social characteristics within the meaning of article 8 of SFDR. The Reference Currency of the Sub-Fund is the US Dollar (USD). The investment objective of sub-fund is to track both the upward and the downward evolution of the MSCI EM Select ESG Rating and Trend Leaders Net Return USD Index (the “Index”) denominated in US Dollars in order to offer an exposure to the performance of large and mid cap stocks, across Emerging Markets (EM) countries issued by companies having a robust Environmental, Social and Governance (ESG) ratings - while minimizing the volatility of the difference between the return of the Sub-Fund and the return of the Index (“Tracking Error”). The anticipated level of the tracking error under normal market conditions is expected to be up to 2%.