Antipodes Emerging Markets (Managed Fd)

The Fund will typically have net equity exposure of 50-100%. The Fund typically invests in a select number of attractively valued companies listed on Asian share markets (usually a minimum of 30 long holdings). The Fund may also invest in companies that are listed: • on global share markets and which derive greater than 65% of their revenues from Asia; • in Japan (permitted to maximum 30% net exposure); and • in Oceania and non-Asian emerging markets (permitted to maximum 15% net exposure).