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The investment objective of the Fund is to achieve medium to long-term capital appreciation and generate a regular stream of income. Asset allocation of the Fund will rotate over time depending on prevailing market conditions, i.e. the Manager will adjust the mix of investments, mentioned above, that the Fund holds based on the expected global levels of inflation. However, under normal market circumstances (i.e. circumstances not characterized by Inflationary Episodes, as defined below in this section) the Fund will not have any exposure to ETC.
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