(LF) Fund of Funds – Global Emerging Markets

Investment objective and policy

The investment objective of the Sub-Fund is to invest its assets primarily in units of UCITS and/or other UCIs as described in art 41 (1) indent (e) of the 2010 Law which mainly invest in equity securities of companies incorporated, listed or traded in a) Emerging Markets, including the BRICs and b) Frontier Markets (see Note) and/or in equity securities of companies incorporated, listed or traded in any other exchange but which derive a significant portion of their revenues from those markets or are holding significant interest in such companies.

Secondarily, the Sub-Fund may invest in units of UCITS and/or other UCIs as above that mainly invest in equity securities or fixed income instruments of companies incorporated, listed or traded in any geographical area that includes Emerging and Frontier markets, as well.

Secondarily, the Sub-Fund may invest in units of UCITS and/or other UCIs as above that mainly invest in equity securities or fixed income instruments of companies incorporated, listed or traded in any geographical area that includes Emerging and Frontier markets, as well.

Thus, for the purpose of the investment objective, the sub-fund may invest in units of UCITS and/or other UCIs as above that have a country or geographical reference that meet all or some of the above descriptions.

Additionally the Sub-Fund may invest in units of UCITS and/or other UCIs that invest in bank deposits and money market instruments, and transferable debt securities including convertibles.

Target UCIs may be open-ended Exchange Traded Funds (ETF’s).

Investment exposure in Frontier Markets may not exceed 30% of the sub-fund’s net assets.

In case where indirect investments through UCITS and UCIs are not possible or too costly, the Sub-Fund can directly invest in equity securities and other transferable securities of companies as described in the first two paragraphs, admitted to an Official Listing or dealt in on a Regulated Local and/or International Market. Such direct investments cannot exceed in aggregate 20% of the Sub-Fund’s net assets.

The Sub-fund may at times invest up to 50% of its net assets directly in bank deposits and money market instruments.

Liquidities, financial derivative instruments, structured financial instruments, securities lending and repurchase agreements may be used within the limits described in sections 3.1. and 4. of the Prospectus. For reasons of liquidity, financial derivatives of more developed equity markets may be used as proxies for hedging equity risk.

Note : Frontier Markets is an economic term which was originally used by International Finance Corporation in 1992. It is more often used to describe a subset of emerging markets (EMs), which have market capitalizations that are small and/or low annual turnover and/or market restrictions unsuitable for inclusion in the larger EM indexes but nonetheless have demonstrated a relative openness to and accessibility for foreign investors and are not under extreme economic and political instability, although such a risk may not be excluded.

Some indicative list of names of countries included in such definitions are : Argentina, Bahrain, Bangladesh, Botswana, Bulgaria, Côte d’Ivoire, Croatia, Cyprus, Estonia, Jordan, Kazakhstan, Kenya, Kuwait, Lebanon, Lithuania, Malta, Mauritius, Nigeria, Oman, Pakistan, Romania, Serbia, Slovakia, Slovenia, Sri Lanka, Trinidad and Tobago, Tunisia, Ukraine, Vietnam.

Adresses :

The Sub-Fund has a high-risk profile and is addressed to investors who want high return potentials through participating in a fund whose assets are invested in a diversified portfolio of units of various UCITS, and seek to benefit from their active management.

Note : On November 13, 2014 the (LF) Fund of Funds – BRIC has absorbed the (LF) Fund of Funds – New Frontiers and has been renamed into (LF) Fund of Funds – Global Emerging Markets according to the notice to unit holders published on October 3, 2014.

FACTSHEET (LF) Fund of Funds Global Emerging Markets
KIID Private Banking Class (USD) (LF) Fund of Funds - Global Emerging Markets
KIID Private Banking Class (LF) Fund of Funds - GLOBAL EMERGING MARKETS
KIID Eurobank (LF) Fund of Funds - Global Emerging Markets
KIID Eurobank I (LF) Fund of Funds - Global Emerging Markets
KIID Eurobank (USD) (LF) Fund of Funds - Global Emerging Markets
KIID Interamerican (LF) Fund of Funds - Global Emerging Markets
KIID Bancpost (LF) Fund of Funds - Global Emerging Markets
KIID Postbank (LF) Fund of Funds - Global Emerging Markets
UCITS DO NOT HAVE A GUARANTEED RETURN
AND PREVIOUS PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS
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