FC W Pen-Pendal TTR Glb Emer Mkt Opp

This option is designed for investors who want the potential for long-term capital growth, diversification across a broad range of global emerging market shares and are prepared to accept high variability of returns. The Manager’s investment process aims to add value through a combination of country allocation as well as individual stock selection. The option generally does not hedge currency exposure. Derivatives may be used to reduce risk, act as a hedge against adverse movements, and also be used to gain exposure to assets and markets.