The investment objective of the Fund is to maximise total return from income and capital growth. In pursuit of its investment objective, the Fund will build and maintain a diversified portfolio consisting primarily of fixed and/or floating rate Investment Grade, Non-Investment Grade and Unrated bonds and other Fixed Income Securities, which are issued by Emerging Market Companies or which are issued by governments, government agencies or supranational bodies of Emerging Market Countries or which are denominated in emerging market currencies or collateralised by emerging market debt, financial derivative instruments (“FDI”), units or shares in collective investment schemes and cash (as further described below). The securities in which the Fund will invest will primarily be denominated in US Dollars or in other Hard Currencies and will primarily consist of constituent securities of the J.P. Morgan EMBI Global Diversified Index (see section below entitled 'Benchmark').