The investment objective of the Fund is to provide Shareholders with capital appreciation, with a target volatility of 15% through gaining direct and/or indirect exposure to currencies, government bonds and/or equities and equity indices in accordance with the Trading Strategy. In addition, the Fund may invest in Money Market Instruments for cash management purposes. A typical Investor would be seeking capital appreciation over the medium term. The Trading Strategy has been designed to identify and exploit major price trends for each of the markets within the Investment Universe. The Investment Manager employs the Trading Strategy to monitor those markets which are within the Investment Universe to determine entry points, exit points and position sizes by statistically analysing price momentum and volatility to identify support and resistance levels and makes investment decisions based on the foregoing.