The objective of the Fund is to provide long term capital growth. The Fund will provide exposure to a range of economic sectors and geographic areas, across a wide range of assets. This includes shares, bonds, cash and near cash instruments. The Fund will be actively managed and therefore the manager will use their expertise to select investments, rather than tracking a stock exchange or index. A minimum of 70% of the portfolio will be invested in collective investment schemes (which may include schemes operated by the manager, associates or controllers of the manager) to provide a minimum of 40% and a maximum of 85% exposure to shares. Usually the allocation to shares will be close to the upper limit. A minimum of 30% of the portfolio will be invested in assets which are denominated in Sterling or hedged back to Sterling.