Description: The objective of this Sub-fund is to replicate the MSCI Emerging markets Index composition while slightly outperforming the index and maintaining a very low tracking error. The Sub-fund aims to achieve a level of tracking error whereby the annual variability of the difference in returns between the performance of the sub-fund and its index will not normally exceed 2%. On a daily basis, the manager aims to maintain the tracking error under 0.50%.
Exchange: LSE
Country: UK
Currency: Pence sterling (p)
Category: Global Emerging Markets Equity
| Asset Allocation | |||
|---|---|---|---|
| Asset Class | Long % | Short % | Net Assets |
| Stock non-US | 99.77 | 0.00 | 99.77 |
| Stock US | 0.23 | 0.00 | 0.23 |
| Sector Weights | ||
|---|---|---|
| Sector | Equity % | Relative to Category |
| Financial Services | 21.98 | 23.53 |
| Technology | 20.49 | 22.69 |
| Consumer Cyclicals | 13.09 | 13.79 |
| Communication Services | 10.00 | 9.67 |
| Basic Materials | 8.30 | 5.57 |
| Industrials | 6.75 | 6.47 |
| Consumer Defensive | 5.89 | 6.82 |
| Energy | 5.26 | 3.95 |
| Healthcare | 4.03 | 4.12 |
| Utilities | 2.52 | 1.72 |
| Real Estate | 1.68 | 1.66 |
| World Regions | ||
|---|---|---|
| Region | Equity % | Relative to Category |
| Asia Emerging | 50.82 | 47.64 |
| Asia Developed | 27.71 | 28.45 |
| Africa/Middle East | 10.10 | 7.42 |
| Latin America | 8.78 | 11.62 |
| Europe Emerging | 1.86 | 1.82 |
| Europe Developed | 0.49 | 1.36 |
| North America | 0.23 | 1.10 |
| United Kingdom | 0.02 | 0.49 |
| Japan | 0.00 | 0.10 |
| Australasia | 0.00 | 0.00 |