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 Underlying Index, namely, FTSE China A50 Index. In order to achieve the investment objective, the Manager will primarily adopt a full replication strategy by directly investing all, or substantially all, of the assets in Index Securities constituting the Underlying Index in substantially the same weightings (i.e. proportions) as these Index Securities have in the Underlying Index.