The fund mainly invests in shares of companies domiciled or having their main business in "frontier markets". These markets are less developed and accessible than emerging markets. They include markets such as Argentina, Kenya, Kuwait, Nigeria, Pakistan, Vietnam or other similar markets. The fund may also invests in other Emerging markets as well as in bonds (loans) issued by issuers located in frontier and emerging markets. The fund may also invests in complex financial instruments with the aim of protecting the value of the portfolio or to increase the level of the investments. The investment decisions are taken on the basis of a quantitative and qualitative analysis based on regular assessments of investment flows in the entire market and/ or in the individual company in which the fund invests.

Please subscribe after carefully reading the documents relating to the Sicav.
As for the graphs contained in the Prospectus, past performance is no guarantee of future results.
These documents are only for Luxembourg based investors.