# Risk and Reward Profile
The Fund aims to achieve long-term capital growth by primarily investing in onshore and offshore PRC,	
as well as in Hong Kong and Macau equity markets. The Fund invests directly or indirectly up to 100% of its assets (and typically at least 70%) in equities and equity related securities of companies. These are listed or traded or have their head office or the predominant part of their business operations in PRC, Hong Kong and/or Macau. The Fund may also invest up to 30% of its assets in other global listed equities. Up to 100% of the Fund’s assets may be invested in China A shares via the Shanghai-Hong Kong Stock Connect and/or the Shenzhen-Hong Kong Stock Connect. Alternatively, exposure to China A shares can be obtained via the Renminbi Qualified Foreign Institutional Investor (RQFII) regime or through investment in other investment funds. Up to 100% of the Fund’s assets may be exposed to Emerging Markets. A maximum of 15% of the Fund's assets may be held in deposits and/or invested in ancillary liquid assets (such as Money Market Instruments). The Fund may use exchange traded financial derivatives for efficient portfolio and/or hedging purposes. The Fund can use investment techniques known as ‘hedging’ to provide protection against exchange risks for the efficient management of its investments or to hedge a non-base currency share class. The Fund may invest up to 10% of its Net Asset Value in other collective investment schemes.
FUND OPPORTUNITIES
A highly qualified and experienced investment manager actively manages the Fund. Equities are selected using a bottom-up approach based on proprietary Fundamental research.
RISK FACTORS
A significant portion of the Fund's assets may be invested in emerging market assets. Emerging markets generally carry greater political, legal, counterparty and operational risk. In exceptional circumstances the Fund may encounter difficulties when buying and selling these investments. Due to the fact that the Fund may invest into the China A Shares market via both, Shanghai-Hong Kong Stock Connect and/or Shenzhen-Hong Kong Stock Connect, various additional risks which include but are not limited to regulatory risks and suspension risks may thereby be caused and should be emphasised to the general investment and equity related risks.
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Lower Risk	Higher Risk
Typically Lower Rewards	Typically Higher Rewards
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Translation (ENIT, 2022-10-31):
# Profilo di rischio e di rendimento
Il Fondo mira a conseguire una crescita del capitale nel lungo periodo investendo principalmente in titoli	
onshore e offshore della RPC e sui mercati azionari di Hong Kong e Macao. Il Fondo investe direttamente o indirettamente fino al 100% del suo patrimonio (e di norma almeno il 70%) in azioni e in titoli collegati ad azioni di società quotate, negoziate, che hanno sede o che svolgono la parte preponderante della loro
Basso rischio	Alto rischio
attività nella RPC, a Hong Kong e/o Macao. Il Fondo può inoltre investire fino al 30% del suo patrimonio in altre azioni quotate su scala globale.
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Fino al 100% del patrimonio del Fondo può essere investito in azioni cinesi di categoria A tramite lo Shanghai-Hong Kong Stock Connect e/o lo Shenzhen-Hong Kong Stock Connect. Un’esposizione alle azioni cinesi di categoria A può essere ottenuta anche nel quadro del regime di investitore istituzionale
Rendimenti generalmente più bassi
Rendimenti generalmente più elevati
estero qualificato in Renminbi (RQFII) o investendo in altri fondi d’investimento. Il Fondo può mantenere