GLOBAL STOCK INDEX FUND - EUR HEDGED ACC

The Fund seeks to provide long-term growth of capital by tracking the performance of the Morgan Stanley Capital International World Free Index (the “Index”), a market-capitalisation-weighted index of common stocks of companies in developed countries.The Fund employs a “passive management” - or indexing - investment strategy designed to track the performance of the Index by investing all, or a representative sample, of the securities that make up the Index, holding each stock in approximate proportion to its weighting in the Index.