The aptly-named Global Themes Fund will invest in third party exchange traded funds to offer its investors exposure to high-yield opportunities with a medium-term focus through market and sector indices, according to head of investment strategy Keith Poore.

"We're looking to exploit themes out there with the potential to maximise returns over the next five to 10 years," Poore said. "It's not theme of the day, more it's the theme of the year."

The fund has earmarked emerging markets, clean energy, commodities, water resources and information technology as the current themes it will invest in, and will use the MSCI World Index as its investment benchmark, which it expects to out-perform by an average 4% annually.

Poore said the strategy team is constantly reviewing what the next thematic opportunity will be, and the fund will look to maximise its returns when a sector is on the up and exit it before it hits the top of the bubble.

"Liquidity is very important" as the fund wants to avoid getting stuck in non-performing assets, he said.

With the prospect of global warming likely to stay for a while and water resources beckoning as the next big issue for conservationists, Poore is confident they will be able to keep ahead of the curve.

He conceded that the exposure to the IT sector harked back to the 1990s tech boom, but said the outlook for the technology industries was blossoming as "more and more governments recognise they've got to raise their investment in that area."

The fund is currently investing in the Vanguard MSCI Emerging Markets, iShares FTSE/Xinhua China 25 Index, Powershares DB Commodity Index, Powershares Water Resources, Powershares WilderHill Clean Energy and iShares Dow Jones U.S. Technology Sector Index Fund.