The objective of The Fund is to obtain a superior return, in the medium and long term, over the MSCI Latin America 10/40 Index (the MSCI Latam 10/40) through investments in stocks of issuers domiciled in, or exercising significant part of their economic activity in, Latin America (LatAm Issuers), by using the fundamentalist criteria (stock-picking). The investment management method used is to select LatAm Issuers according to their intrinsic value, competitive advantages, their strategy, their macro-economic environment and the quality of their management. The Fund will be actively managed and the MSCI Latam 10/40 will not be used for the purpose of determining the fund’s asset allocation.