Description: The Fund’s investment objective is to track the performance of the S&P Global Luxury Index (see the “Benchmark index” section), as closely as possible, whether the Index rises or falls. The Fund is managed so as to achieve a gap between changes in its NAV and changes in the value of the S&P Global Luxury Index (referred to below as the “S&P Global Luxury Index”) as small as possible. Accordingly, the target for maximum tracking error between changes in the Fund’s NAV and those in the S&P Global Luxury Index is 2%. If the “tracking error” exceeds 2%, the aim would nevertheless be to remain below 15% of the volatility shown by the S&P Global Luxury Index.
Exchange: LSE
Country: UK
Currency: US Dollar ($)
Category: Sector Equity Consumer Goods & Services
| Asset Allocation | |||
|---|---|---|---|
| Asset Class | Long % | Short % | Net Assets |
| Stock non-US | 63.54 | 0.00 | 63.54 |
| Stock US | 36.46 | 0.00 | 36.46 |
| Sector Weights | ||
|---|---|---|
| Sector | Equity % | Relative to Category |
| Consumer Cyclicals | 83.20 | 38.70 |
| Consumer Defensive | 16.78 | 34.63 |
| Industrials | 0.02 | 5.08 |
| World Regions | ||
|---|---|---|
| Region | Equity % | Relative to Category |
| Europe Developed | 50.97 | 28.82 |
| North America | 36.60 | 53.09 |
| United Kingdom | 5.79 | 7.45 |
| Asia Developed | 2.61 | 1.90 |
| Japan | 2.11 | 3.13 |
| Asia Emerging | 1.12 | 4.42 |
| Australasia | 0.81 | 0.48 |
| Latin America | 0.00 | 0.66 |
| Africa/Middle East | 0.00 | 0.06 |