# Investment Policy
The Fund will invest at least 90% of its Net Asset Value in global equity securities meeting the criteria of the thematic strategy (“Criteria”). The applicable thematic strategy aims to deliver capital appreciation and income by investing across equity securities substantially focussed on activities either generating directly, or indirectly enabling, a positive impact across the sustainable themes of: clean energy; water (protection of water and marine resources); circular economy; sustainable mobility; environmental services, energy efficiency and sustainable nutrition, agriculture and health. The Criteria will be binding on the Investment Manager.
The Investment Manager will first seek to establish an opportunity set of companies substantially orientated towards solutions in these themes (typically contributing the majority of revenue) which in turn focusses the investment universe on a sub-set of global equity securities. The Investment Manager will then screen companies using proprietary and third-party research to exclude investment into activities and operations contradicting the principles of the United Nations Global Compact. The Investment Manager also formally excludes investments in companies that generate more than 5% of revenues from alcohol, tobacco, gambling, pornography, generation of nuclear power, armaments and companies carrying out animal testing for cosmetic and toiletry products. The anticipated investment universe is considered to be less than half of global equity securities. Investment opportunities are assessed following the determination of the investment universe.
In addition to the Criteria, the investment process considers and engages upon adverse impacts including but not limited to the categories of greenhouse gas emissions, biodiversity impacts, social and employee matters, human rights and anticorruption and bribery.
The Fund offers focussed exposure to investments making a significant contribution towards pressing sustainability objectives such as, but not limited to: climate change mitigation, transition to a circular economy, waste prevention and recycling, protection of healthy ecosystems, pollution prevention control and sustainable use and protection of water and marine resources.
The Fund may also hold up to 10% of its Net Asset Value in units of collective investments schemes, cash, deposits and money market instruments.
Subject to the limits set out in the Investment Restrictions, the Fund will have the ability: to hedge against directional risk using index futures and/or cash; to hold bonds and warrants on transferable securities; to use options and futures; to enter into portfolio swaps; to use forward currency contracts; and to hold liquid assets on an ancillary basis.
The Fund is dependent upon ESG information and data from third parties (which may include providers for research, reports, screenings, ratings and/or analysis such as index providers and consultants) and that information or data may be incomplete, inaccurate or inconsistent.

Translation (ENFR, 2021-04-01):
# Politique d’investissement
Le Compartiment investira au moins les deux tiers de sa valeur nette d'inventaire dans des actions et des titres rattachés à des actions (en ce compris des actions privilégiées cotées, des obligations convertibles non garanties cotées (convertible unsecured loan stock), des warrants cotés et d'autres titres similaires) de sociétés : (i) qui ont leur siège social dans la région Asie-Pacifique (hors Japon) et/ou (ii) exercent une part prépondérante de leurs activités économiques dans la région Asie- Pacifique (hors Japon), dans des secteurs et des zones géographiques qui, de l'avis du Gestionnaire de portefeuille, offrent de bonnes perspectives de revenus et de croissance du capital, compte tenu des tendances économiques et des développements commerciaux.
Sous réserve des limites fixées dans les Restrictions d’investissement, le Compartiment peut : couvrir tout risque directionnel au moyen de futures sur indices et/ou de liquidités ; détenir des obligations et des warrants sur valeurs mobilières ; avoir recours à des options et des futures à des fins de couverture et de gestion efficace de portefeuille ; conclure des swaps de portefeuille ; conclure des contrats de change à terme et détenir des actifs liquides à titre accessoire.
Aux fins susmentionnées, « la région Asie-Pacifique (hors Japon) » comprend tous les pays inclus dans l’indice MSCI All Country Asia Pacific Ex-Japan Gross TR
1
, au moment de l’investissement concerné.
Bien que le Compartiment cherche généralement à investir dans des actions génératrices de dividendes de sociétés s'étant engagées à partager leurs bénéfices, il n'est pas garanti que tous les investissements sous-jacents produisent des dividendes. Dans la mesure où les investissements sous-jacents du Compartiment produisent des revenus, le potentiel de croissance du capital peut diminuer.