The Fund employs a proprietary trend following strategy that trades a range of UCITS compliant financial futures. It currently trades in 36 global markets encompassing foreign exchange, stock indices and government bonds. A new pure UCITS strategy was introduced in February 2014, as part of which commodities were removed and FX cross rates introduced in their place. The fund targets an annualised 15% volatility. This is a long term target and the Fund is expected to fluctuate around this target in the short term.