The fund's primary objective is to generate substantial long-term capital growth for its investors. It typically allocates a minimum of 80% of its net assets, including any funds acquired through borrowing for investment purposes, to equity securities. These investments are in companies that are either legally established in China or Hong Kong; whose shares are primarily traded on the stock exchanges of China or Hong Kong; or that generate at least half of their revenues from business operations within China or Hong Kong, irrespective of where their shares are listed. The fund maintains a non-diversified investment portfolio.