The fund's investment objective is to replicate as closely as possible, before expenses, the performance of the Straits Times Index. The Manager will seek to achieve this objective by investing all, or substantially all, of the Fund’s assets in Index Shares in substantially the same weightings as reflected in the Straits Times Index. Within the limits set out in the CPF Investment Guidelines, the Manager may invest in futures and derivatives instruments traded on Recognised Stock Exchanges and OTC Markets provided that such instruments are Authorised Investments.