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The fund's objective is to provide capital appreciation, investing in an actively managed portfolio. The Fund invests in an actively managed, concentrated portfolio of investments. A substantial part of the portfolio will normally be held in UK equities with the remainder in overseas equities and where appropriate tactical positions will be taken in fixed interest. Aiming to add value through both asset allocation and stock selection, the investment manager will focus assets where the house view identifies the best relative opportunities, with stock selection delegated to a specialist regions.