0.07 CHF
(0.71%)
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Stocks and Shares ISAObjective
The Fund 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 MSCI EMU 100% hedged to CHF Index, the Fund’s benchmark index (Index). The Index provides a return on the MSCI EMU Index which measures the performance of large and mid-market capitalisation companies across developed market countries in the European Economic and Monetary Union (EMU) according to the MSCI size, liquidity and free float criteria. The Index is free float-adjusted market capitalisation weighted. Free float - adjusted market capitalisation is the share price of the company multiplied by the number of shares available to international investors. Securities that are liquid means that they can be easily bought or sold in the market in normal market conditions. The Index also uses (FX) forward contracts to hedge each non-Swiss Franc (CHF) currency in the Index back to CHF, the base currency of the Fund. Hedging reduces the effect of fluctuations in the exchange rates between the currencies of the equity securities that make up the Index and CHF. The Fund aims to invest so far as possible and practicable in the equity securities (e.g. shares) that make up the MSCI EMU Index, as well as FX forward contracts that, so far as possible and practicable, track the hedging methodology of the Index. They hedge each non-CHF currency in the Index back to the Fund’s base currency. This is based on the MSCI Hedged Indices methodology. The investment manager may also, in limited circumstances, use financial derivative instruments (i.e. investments the prices of which are based on one or more underlying assets) to help achieve the Fund’s investment objective.
- Leverage -
- Currency hedgingNo