Industry description
The investment seeks long-term capital appreciation.
The fund invests, under normal market conditions, at least 80% of its assets (including borrowings for investment purposes) in equity and equity-related securities issued by companies in foreign countries. It invests primarily in a portfolio of equity securities such as common stock, preferred stock, and depositary receipts. The fund may also invest up to 30% of its assets in issuers in emerging market or frontier market countries. It is non-diversified.