Emirates NBD SICAV - Emirates Balanced Managed Fund A USD Acc

Investment Objective The sub-fund invests globally through collective investment schemes in a range of asset classes with the aim of providing long-term capital growth. It will seek to reduce the volatility traditionally associated with investments in securities markets by offering diversification and risk spreading across a broad range of asset classes. Investment Policy For this purpose, the sub-fund: - holds units or shares of collective investment schemes (including exchange traded funds) and or securities of listed closed-ended funds; - diversifies its investments across a range of asset classes with a majority of the sub-fund's assets invested in collective investment schemes predominantly offering exposure to a range of equity and fixed income strategies as well as other asset classes. It may also take indirect exposure to other asset classes through collective investment schemes including but not limited to commodities, property and alternative strategies; - may have up to 50% exposure to closed-ended funds including investment trusts and exchange traded funds; - will not directly hold any assets with unlimited liability; - invests up to 60% of its assets in global equity, up to 100% of its assets in fixed income and cash and up to 40% of its assets in alternative strategies, mainly through collective investment schemes. The sub-fund may use hedging techniques to protect the USD value. The sub-fund will not invest in any underlying fund with an annual management fee in excess of 2%.