Fund Objective: To provide long term capital appreciation by investing primarily in smaller emerging markets and frontier equity markets on a global basis. The Sub-Fund will primarily invest its assets (excluding cash and cash equivalents) in smaller emerging markets and frontier markets. The Investment Manager will seek to identify growing companies with strong sustainable cash flows at attractive valuations. The Sub-Fund will invest primarily in the securities of companies in smaller emerging markets and frontier markets, which will include companies listed or headquartered in other locations but with substantial connections to smaller emerging markets or frontier markets (such as significant operations in, or revenue derived from, smaller emerging markets or frontier market countries). The Sub-Fund is actively managed and uses the MSCI Frontier Emerging Markets Net TR index for performance comparison purpose only. The deviation of the portfolio composition of the Sub-Fund from that of the comparator can be material. This share class distributes income derived from the fund's investments. Income is paid out to shareholders on a regular basis. The Sub-Fund promotes environmental and/or social characteristics and, as such, falls within the scope of article 8 of SFDR. The Product is a share class of an open-ended Sub-Fund and shares are able to be redeemed at the investor's request with a daily frequency.