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The fund is designed for investors looking to tap into the potential of emerging market economies. It strategically invests at least 80% of its assets in equity securities, including common stocks, preferred stocks, and depositary receipts, of companies that are either listed or domiciled in, derive a significant portion of their revenues or profits from, or have a considerable amount of their assets in, emerging markets. By focusing on entities that meet these criteria, the fund aims to leverage the growth opportunities available in economies that are in the process of rapid industrialization or have been identified as emerging market countries. Managed by sub-advisers with a keen eye for potential growth, the fund has the flexibility to invest in companies of any size, although it has a propensity to concentrate on those with mid to large market capitalizations, aiming to maximize returns for its investors by tapping into the dynamism and growth potential of these burgeoning markets.
The fund's primary investment focuses on equity securities, such as common stock, preferred stock, and depositary receipts, of emerging market companies. These are companies listed or domiciled in, deriving a significant portion (over 50%) of their revenues or profits from, or having a substantial amount of their assets (over 50%) in, emerging markets. This strategic investment approach targets the unique growth opportunities presented by emerging markets, aiming to offer investors substantial returns by capitalizing on the economic expansion and increased market integration of these regions.
Although the fund maintains the flexibility to invest in companies of any market capitalization, there is a distinct focus on mid to large cap companies. This strategy is based on the understanding that while smaller companies may offer high growth potential, mid to large cap companies typically present a balanced mix of growth and stability, potentially making them more resilient to market volatility. This approach aims to ensure a steadier performance and potentially reduced risk for the fund's investors, while still allowing for significant growth potential from the dynamic emerging markets.