The fund aims to deliver a positive total return (the combination of income and capital growth) of 5-10% on average per year over any three-year period by investing globally in a range of assets, including equities, fixed income and currencies. The fund managers expect the fund to have an
annualised volatility of between 5% and 12%. The fund will normally invest within the following net allocation ranges, which reflect the sum total of
long and short positions.