Fund Objective

To achieve long - term capital growth.

View on Past Performance

The best performing industries in the MSCI Emerging Markets Index were Healthcare, Telecommunications Services & Consumer Staples. The worst performing industries were Materials, Energy & Utilities.

Future Expectations

Following the sharp decreases over the last three months, we are now bullish short, medium and longer term, as we believe markets are considerably undervalued, and we anticipate relatively positive fundamentals. Although markets are highly emotional and difficult for most investors, we view this as one of the most attractive times in the last ten years.

Fund Details