Industry description
The investment seeks to provide growth of capital.
Under normal circumstances, fund seeks to achieve its objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in common stocks of U.S. and foreign companies (including depositary receipts of foreign issuers) that the Manager believes are growth-oriented companies (80% policy). It primarily invests in issuers of developed countries, including the US, although the fund has the ability to invest in issuers domiciled in or doing business in any country or region around the globe, including emerging markets.