The Company's principal activity is that of an Investment Trust. The objective of the Company is to achieve capital growth from emerging markets worldwide. The Company is an Investment Company within the meaning of Section 833 of the Companies Act 2006. The Company has been approved by the HM Revenue and Customs as an Investment Trust for the purposes of Section 842 of the Income and Corporation Taxes Act 1988 for the year ended 30-Jun-2008. Investment management services are provided by JP Morgan Asset Management (UK) Ltd for a fee calculated at a rate of 1.00% of the total assets less current liabilities, paid monthly in arrears.
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