The PSG Wealth Global Flexible Fund of Funds' investment objec..ve is to provide longterm capital apprecia..on through ac..ve asset alloca..on management of a diversified por..olio of Collec..ve Investment Schemes established, recognised or regulated in any approved country and assets in liquid form. The emphasis of the manager's investment approach will be on equi..es but there will be no specific limit on the asset classes in which the fund manager may invest with the proviso that there will be a minimum exposure of 50% net equity holdings (although market condi..ons may be adverse from ..me to ..me and at the discre..on of the Directors the cells may hold up to 100% cash). The cells may invest in Collec..ve Investment Schemes that use deriva..ve instruments for efficient por..olio management only. The cells will be invested in at least two underlying Collec..ve Investment Schemes and no more than 75% of the cells will be invested in any one underlying unit trust or Collec..ve Investment Scheme.