The Sub-fund aims to outperform (after deduction of costs) the MSCI ACWI Index, as stated in sterling, by at least 2% per annum over rolling five-year periods. The Sub-fund will invest at least 90% in shares of companies anywhere in the world. The Sub-fund is actively managed and will invest in companies of any size and in any sector, provided such companies are assessed in line with the investment manager’s qualitative investment process as having the potential to deliver Sustainable Growth and meet the revenue- and norms-based indicators while not falling within the Exclusions.