"This Sub-Fund invests primarily in securities listed on the main stock exchanges of Japan. The investment policy favours companies characterised by medium to large capitalization， liquidity and sufficient free float.
The investment objective of the fund is to seek long term capital appreciation while keeping the portfolio as a whole substancially neutral in terms of beta with respect to the benchmark and with a reasonable level of active risk. This objective is pursued by adopting an investment method that involves the acquisition of asset positions using sector allocation （on the basis of macroeconomic signals and underlying valuation models） or by selecting securities within these sectors. Compliance and continual monitoring of predetermined active risk constraints is a fundamental characteristic of the management process. RH shares allow hedging of the exchange rate risk."
