Industry description
The investment seeks long-term capital appreciation by investing primarily in equity securities in emerging markets around the world.
Under normal conditions, the fund invests at least 80% of its net assets in equity securities of companies that are organized in, maintain at least 50% of their assets in, or derive at least 50% of their revenues from, emerging market countries. It may invest up to 20% of its net assets in securities issued by other investment companies, including exchange-traded funds (“ETFs”). The fund may also invest in money market funds, but these investments are not subject to this limitation. It is non-diversified.