The Prescient Core Global Equity Fund will seek to follow an investment policy that will offer capital growth over the longer term for investors. The Fund will endeavour to deliver performance in line with the MSCI World Index. In order to achieve this objective, the fund will predominately invest in a selection of equity securities but is also permitted to invest in preference shares, debentures, bonds, property, money market instruments and other approved instruments including, but not limited to, listed and unlisted financial instruments in line with conditions as determined by legislation from time to time. The fund will be exposed to exchange rate risk. The Manager may, at its discretion, include in the portfolio listed and unlisted financial instruments for the exclusive purpose of hedging these exchange rate risks. The portfolio may apart from assets in liquid form also include participatory interests or any other form of participation in portfolios of collective investment schemes or other similar schemes. Where the aforementioned schemes are operated in territories other than in South Africa, participatory interests or any other form of participation in these schemes will be included in the portfolio only where the regulatory environment is to the satisfaction of the manager and trustee and is of a sufficient standard to provide investor protection at least equivalent to that in South Africa. Nothing in the supplemental deed shall preclude the Manager from varying the ratios of securities, to maximize capital growth and investment potential in changing economic environments or market conditions or to meet the requirements, if applicable, of any exchange formally recognized in terms of legislation and from retaining cash or placing cash on deposit in terms of the Deed and any Supplemental Deeds thereto; provided that the Manager shall ensure that the aggregate value of the assets comprising the portfolio shall consist of securities of the aggregate value required from time to time by the Act. The Trustee shall ensure that the investment policy set out in this supplemental deed, the Deed and in all Supplemental Deeds thereto is carried out. For the purpose of this portfolio, the manager in consultation with the Investment Manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the manager.