The Company invests principally in continental European securities with a view to achieving long term capital growth. A minimum of 80% of gross assets will be invested in companies from countries which are included in the FTSE World Europe (ex UK) Index) and a maximum of 5% of gross assets may be invested in companies of non-European countries which have some European exposure or connection. A maximum of 10% of the Company\'s gross assets may be invested in the aggregate of: a) securities not listed on a recognised stock exchange and b) holdings in which the interest of the Company amounts to 20% or more of the equity capital of any one listed company.
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