The objective of the investment policy of the fund is to achieve an above average return for the sub-fund by investing at least 60% of net assets in securities of issuers that have their head office or majority of their activity in the Greater China region. The sub-fund is actively managed and is not managed in reference to a benchmark. The Sub-Fund’s assets are generally hedged to the U.S. dollar and are invested in interest bearing securities denominated in or hedged to the U.S. dollar as well as in U.S. dollar denominated cash deposits. Renminbi denominated assets may be invested via the Chinese offshore as well as the Chinese onshore market.