The Fund’s principal investment objective is to provide long-term capital appreciation. The Fund invests primarily in transferable securities such as equity securities of companies (i) incorporated in the Middle East and North Africa countries (“MENA countries”) including, but not limited to the Kingdom of Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Bahrain, Oman, Egypt, Jordan and Morocco, or (ii) which have their principal business activities in MENA countries across the entire market capitalisation spectrum (including small to mid-sized companies) as well as in financial derivative instruments. The Fund may utilise financial derivative instruments for hedging, efficient portfolio management and investment purposes. These financial derivative instruments may include, inter alia, forwards and financial futures contracts, or options on such contracts and equity linked notes (including participatory notes) dealt on either Regulated Markets or over-the-counter.