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The Fund's objective is to provide long-term growth of
capital by investing in equity securities of issuers with high growth potential
operating in the agricultural sector.
An increase in economic activity in developing nations, such
as China and India, has had a positive impact on the demand for fertilizers and
soft commodities. Production constraints should also support higher
agricultural commodity prices as a number of agricultural sectors are facing
significant supply challenges including the lack of growth in global arable
land.
A
growing middle class in China and India and the corresponding wealth impact is
expected to drive increased demand for higher-protein foods such as meat and
poultry. As a result, the amount of grains necessary to raise and sustain the
requisite livestock will increase, thereby increasing the demand for
agricultural inputs such as fertilizer, seeds and farming equipment.
The Fund is authorized to issue series of shares designated
as Series A and F. |
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