Description: The fund's objective is to replicate the MSCI EMU 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 different 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 0.5%.The exposure to the Index will be achieved either through direct investment or through the use of derivatives or through a combination of both.In order to manage its liquidity, the Sub-fund may hold deposits, while keeping the full exposure to its index through derivatives.The “MSCI EMU” is the index of this Sub-fund. The MSCI EMU (European Economic and Monetary Union) Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of countries within EMU. The base currency of the Sub-Fund is Euro.
Exchange: LSE
Country: UK
Currency: Pence sterling (p)
Category: Eurozone Large-Cap Equity
Asset Allocation | |||
---|---|---|---|
Asset Class | Long % | Short % | Net Assets |
Stock non-US | 98.32 | 0.00 | 98.32 |
Stock US | 1.47 | 0.00 | 1.47 |
Cash | 0.55 | 0.34 | 0.21 |
Other | 0.00 | 0.00 | 0.00 |
Sector Weights | ||
---|---|---|
Sector | Equity % | Relative to Category |
Financial Services | 21.34 | 16.59 |
Industrials | 11.25 | 15.00 |
Technology | 10.90 | 12.78 |
Basic Materials | 10.83 | 8.28 |
Consumer Cyclicals | 9.63 | 13.77 |
Consumer Defensive | 9.01 | 8.05 |
Energy | 8.61 | 5.62 |
Utilities | 6.53 | 4.95 |
Communication Services | 5.97 | 5.20 |
Healthcare | 4.73 | 8.62 |
Real Estate | 1.19 | 1.13 |
World Regions | ||
---|---|---|
Region | Equity % | Relative to Category |
Europe Developed | 97.32 | 94.26 |
North America | 1.47 | 1.17 |
United Kingdom | 1.21 | 3.74 |
Japan | 0.00 | 0.00 |
Latin America | 0.00 | 0.18 |
Asia Developed | 0.00 | 0.65 |
Africa/Middle East | 0.00 | 0.00 |