The investment objective of the Fund is to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the Hang Seng TECH Index (the Underlying Index). In order to achieve the investment objective of the Fund, the Manager will primarily use a full replication strategy by directly investing all, or substantially all, of the assets of the Fund in Securities constituting the Underlying Index (Index Securities) in substantially the same weightings (i.e. proportions) as these Index Securities have in the Underlying Index.