The investment objective of the Growth portfolio is to provide capital growth from Continental European investments by consistent out-performance of the benchmark and a rising share price over the longer term by taking carefully controlled risks. - To invest in a diversified portfolio of investments in the stock markets of Continental Europe. - To emphasise capital growth rather than income, with the likely result that the dividend will fluctuate. - To manage liquidity and borrowings to increase returns to shareholders. - To invest no more than 15% of the assets attributable to the Growth shares in other UK listed investment companies (including investment trusts).