The Company will seek to meet its investment objective by investing in a diversified portfolio of companies exposed directly or indirectly to emerging or frontier markets. The Company will invest predominantly in: companies incorporated in and/or traded on stock exchanges located in emerging or frontier markets; or companies which have the majority of their operations, or earn a significant amount of their revenues in, emerging or frontier markets but are traded on stock exchanges located in developed countries. The Company will focus on small to mid-cap companies.
The monthly Investment Management Fee shall be equal to 1/12th of the aggregate of i 1.00%. of Fund Value up to and including GBP 500m ii 0.85%. of Fund Value over GBP 500m and up to and including GBP 1b and iii 0.75% of Fund Value over GBP 1b.
It is policy of the Company to pursue capital growth for shareholders as well as income. Many of the companies in which the Company invests are relatively young businesses to which the Company is committed for the long term. Investment Manager of the Company is drawn to companies with excellent returns on capital with the ability to expand as well as generate dividends. The Company will comply with the investment trust rules regarding distributable income.