Performance funds/ETFs

The objective of this Sub-Fund is to track the performance of MSCI Emerging Markets Index, and to minimize the tracking error between the net asset value of the Sub-Fund and the performance of the Index. The Sub-Fund aims to achieve a level of tracking error of the Sub-Fund and its index that will not normally exceed 2%. The Index is a Net Total Return Index : dividends net of tax paid by the index constituents are included in the Index return. MSCI Emerging Markets Index is an equity index representative of the large and mid-cap markets across 23 emerging countries.