Investment Objective: Mercer Flexible LDI£ Fx Enh Mtch 2 M-5£ |
The Sub-Funds will seek a leveraged exposure to nominal interest rates as set out in the investment policy for each Sub-Fund. The investment objective of the Sub-Funds is to achieve general leveraged exposure to nominal interest rates through the use of a broad range of techniques, as set out in the investment policy for the Sub-Funds. Investment by each Sub-Fund in Underlying Funds Each Sub-Fund will generally aim to achieve its investment objective by investment in Underlying Funds as a feeder fund or fund of funds as outlined below, however, the Investment Manager or its delegate may at any time, at its sole discretion, and without notification to Shareholders, determine that a Sub-Fund shall no longer invest as a feeder fund or fund of funds and that such Sub-Fund shall achieve its investment objective by direct investment in the securities and instruments described under “Direct Investment by Each Sub-Fund” below. |