The objective of the Sub-Fund is to track the performance of the Index to within an acceptable tracking error (which will take into account, amongst other things, the fees and expenses incurred). An investment in the Sub-Fund should not constitute a substantial proportion of an investment portfolio and may not be appropriate for all investors. The Sub-Fund may, at any one time, be principally invested in FDI for investment purposes. The Directors expect that the Net Asset Value of the Sub-Fund will have medium to high volatility.