The fund typically dedicates a minimum of 80% of its total investment capital, including any leveraged funds, to shares or other instruments with similar equity characteristics. These investments target companies that are based, incorporated, or generate the majority of their income or assets from developing economies. To achieve its objectives, the fund may either invest in other pooled investment vehicles focused on these same securities (a "fund of funds" approach) or delegate management responsibilities by selecting experienced external sub-advisers (a "manager of managers" approach).