44.25p
(2.29%)
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Stocks and Shares ISAObjective
The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the FTSE BRIC 50 Index, the Fund’s benchmark index. The Share Class, via the Fund, aims to invest so far as possible and practicable in the equity securities (e.g. shares) that make up the benchmark index. The benchmark index measures the performance of the 50 biggest companies in Brazil, Russia, India and China (BRIC) by full market capitalisation, that trade as either depository receipts for Brazilian, Indian or Russian companies, or shares listed outside of mainland China for Chinese companies. The benchmark index uses depository receipts (i.e. investments issued by financial institutions that give exposure to underlying equity securities) and shares listed outside of mainland China as more readily tradable substitutes for the underlying securities. The benchmark index is weighted by free float market capitalisation and the weighting of each component is capped at 15%. Free float-market capitalisation is the share price of the company multiplied by the number of shares available to international investors. The Fund intends to replicate the benchmark index by holding the equity securities which make up the benchmark index, in similar proportions to it (including American Depositary Receipts and Global Depositary Receipts which make up a large proportion of the benchmark index).
- Leverage -
- Currency hedgingNo