Fund Description

The fund was incepted in May 1998 and is managed by Dreyfus Corporation. The fund's main objective is to seek long-term capital appreciation. The fund normally invests at least 80% of its assets in stocks of companies that are principally traded in China, Hong Kong or Taiwan (Greater China) or which derive at least 50% of their revenues from Greater China, or have at least 50% of their assets in Greater China. The fund's investments includes common stocks, preferred stocks and convertible securities, including to a limited extent those purchased in initial public offerings. The fund usually invests in companies that they believe are growing rapidly and whose share price appears to be reasonably valued based on that growth potential. They focus on the economic and business environments, which appear to support the long-term growth of individual companies and the economy as a whole. The fund also invests in securities that are denominated in foreign currencies. Dividends and capital gains, if any, are distributed annually.