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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 on the MSCI Japan 100% Hedged to USD Net TR Index, the Fund’s benchmark index (Index). The Index measures the performance of the MSCI Japan TR Index which is designed to measure the performance of large and mid capitalisation equity securities (e.g. shares) listed in Japan which comply with MSCI's size, liquidity, and free-float criteria. The Index is free float – adjusted market capitalisation weighted. Securities that are liquid means that they can be easily bought or sold in the market in normal market conditions. The Index also uses one month foreign exchange (FX) forward contracts to hedge Japanese Yen back to US Dollar. Hedging reduces the effect of fluctuations in the exchange rates between the currencies of the equity securities that make up the Index and US Dollar, the base currency of the Fund. The Fund aims to invest in equity securities that, so far as possible and practicable, make up the MSCI Japan TR Index, as well as FX forward contracts that, so far as possible and practicable, track the hedging methodology of the Index. The FX forward contracts hedge each foreign currency in the Index back to the Fund’s base currency. This is based on the MSCI Hedged Indices methodology. These may also include the use of financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets). FDIs (including FX forward contracts) may be used for direct investment purposes. Apart from foreign currency hedging purposes, Your shares will be accumulating shares (i.e. income will be included in their value).
- Leverage -
- Currency hedgingNo