The investment objective of the Sub-Fund is to create capital growth in the long term by investing the majority of its assets in equities and equity related transferable securities issued by small and mid-sized companies which are listed or traded on a regulated market in the eligible countries or exercise a tangible part of their economic activity in the eligible countries. The Sub-Fund's return is compared to the MSCI Emerging Markets Europe 10/40 Index (Net Return), an index that does not take into account ESG factors. The majority of the Sub-Fund's holdings are constituents of the benchmark, but they differ in weight. The Sub-Fund's investment strategy does not aim to restrict how much the Sub-Fund's holdings deviate from its benchmark.