Multi-Manager PORTFOLIO

INVESTMENT PROCESS

Each of Vision's mandates follows a disciplined and consistent investment process

• Closely Knit Teams:

  Investment professionals are centrally located in Hong Kong, facilitating effective communication and idea generation.

• Proper Checks and Balances:

  While the investment teams work closely together, each team possesses its own veto power.

• Consolidated Approach:

  The portfolio manager of each investment program will take into account inputs from all teams and make the final portfolio recommendation to the Chief Investment Officer at the monthly allocation meeting.