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The investment objective of the Fund is to achieve long-term capital growth from a portfolio primarily (at least 70% of the Net Asset Value of the Fund) made up of the equity securities of companies around the world. This Fund seeks to achieve this objective by investing primarily in global companies incorporated anywhere in the world which are involved in the design, manufacture, or sale of products and services used for or in connection with the water and waste management sectors and/or that in the opinion of the Investment Manager demonstrate effective governance and “superior management” of environmental, social and governance issues (“ESG Considerations”). ESG Considerations concern the selection of securities which provide exposure to companies and/or organisations which hold the highest standards of sustainability, ethics and/or corporate governance (“Sustainable Companies”).
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