36.00p
(0.59%)
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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 Funds’ investments, which reflects the return of the MSCI Europe SRI Index, the Fund’s benchmark index. The Share Class, via the Fund, aims to invest so far as possible and practicable in equity securities (e.g. shares) that make up the Fund’s benchmark index. The benchmark index measures the performance of equity securities (e.g. shares) issued by companies with higher environmental, social and governance (“ESG”) ratings than other sector peers within the MSCI Europe Index, based on a series of exclusionary and ratings based criteria. First, companies are excluded if they are identified by the index provider with any tie to controversial weapons as well as manufacturers or producers of nuclear weapons, civilian firearms or tobacco, or if their involvement in the following activities exceed thresholds set by the index provider for: alcohol, gambling, tobacco, civilian firearm distributors, nuclear power, adult entertainment, thermal coal, genetically modified organisms and military weapons, and/or military weapon support systems and services. The remaining companies are rated by the index provider based on their ability to manage their ESG risks and opportunities and are given a rating which determines their eligibility for inclusion. Companies which are identified as being involved in very serious controversies that have an ESG impact on their operations and/or products and services are excluded. The benchmark index targets 25% cumulative coverage of the free float adjusted market capitalisation for each Global Industry Classification Standard (“GICS”) sector within the MSCI Europe Index, subject to each sector having sufficient eligible companies for inclusion. Constituents are weighted based on theirfree float adjusted market capitalisation. Free float-adjusted means that only shares available to international investors, rather than all of a company’s issued shares, are used in calculating the benchmark index. Free float-adjusted market capitalisation is the share price of the company multiplied by the number of shares available tointernational investors. The Fund uses optimising techniques to achieve a similar return to its benchmark index. Your shares will be accumulating shares (i.e. income will be included in their value).
- Leverage -
- Currency hedgingNo