Objective
The investment objective of the Fund is to provide investment results that closely correspond, before fees and expenses, generally to the price and yield performance of the Mirae Asset European Infrastructure Development Index (the “Index”). The Fund is passively managed. The Fund will aim to achieve its investment objective by attempting to replicate the performance of the Index by investing primarily in a portfolio of equity securities that as far as possible and practicable consists of the component securities of the Index in similar proportions to their weightings in the Index and in global depositary receipts (“GDRs”) based on the securities in the Index. The Index aims to track the performance of European exchange-listed, companies that provide exposure to European infrastructure development. This includes companies involved in the civil engineering and design of infrastructure projects, provision of construction and maintenance services for infrastructure projects, the production and supply of construction composite and raw materials, the manufacture, sale and or renting of industrial equipment, the manufacture of clean energy technology, the manufacture and sale of clean energy components, establishment of data centres and the development and maintenance of telecommunication infrastructure. When not possible or practicable to continue to hold all of the component securities of the Index, the Fund may invest in depositary receipts relating either to components securities of the Index or to equity securities of the type referred to above; and financial derivative instruments (“FDIs”), namely, total return “unfunded” OTC swaps and exchange-traded equity futures for investment purposes. The Fund may enter into securities lending transactions, investing in repurchase and reverse repurchase transactions and certain collective investment schemes, for the purposes of efficient portfolio management only. The Fund’s base currency is EUR.
- Leverage100
- Currency hedgingNo