European Index Tracker Fund


Price (25.09.2020)

% Price Change

Objective and investment policy


The fund aims to track the FTSE World Europe ex UK Index.

Investment policy and strategy

Core investment: The fund holds the shares of all the largest companies in the index as well as the shares of a selection of the remaining smaller companies to ensure that the index is replicated as closely as possible.

Other investments: The fund may hold cash or assets that can be turned quickly into cash.

Derivatives: The fund is typically directly invested in company shares but may make limited use of derivatives to reduce risks and costs.

Strategy in brief: The fund is designed to track the performance of the FTSE World Europe ex UK Index, which represents a broad spread of European company shares.

It typically has around 375 holdings, including all of the shares of the largest 100 companies in the index, as well as the shares in a selection of the remaining smaller companies to ensure that the index is replicated as closely as possible.

Benchmark: FTSE World Europe ex UK Index

The index is a constraining benchmark for the fund.

The fund is passively managed and aims to track the return of the index. The fund's holdings are therefore unlikely to significantly deviate from the benchmark's constituents.

For unhedged and hedged Share classes, the benchmark is shown in the share class currency.

Risks associated with the fund

The value and income from the fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise. There is no guarantee that the fund will achieve its objective and you may get back less than you originally invested.

The fund can be exposed to different currencies. Movements in currency exchange rates may adversely affect the value of your investment.

In exceptional circumstances where assets cannot be fairly valued, or have to be sold at a large discount to raise cash, we may temporarily suspend the fund in the best interest of all investors.

The fund could lose money if a counterparty with which it does business becomes unwilling or unable to repay money owed to the fund.

Further details of the risks that apply to the fund can be found in the fund's Prospectus.

Other information

The fund is designed to track the FTSE World Europe Ex UK Index

The fund invests mainly in company shares and is therefore likely to experience larger price fluctuations than funds that invest in bonds and/or cash.

The performance webpage for this fund is currently being reconfigured. In the interim, for performance information, please refer to the latest Fund Factsheet which can be found in the Literature section.

Fund Team


Rating is at a share class level

3 Star Rating

Ratings as at 30/06/2020. The Morningstar Overall Rating. Copyright © 2019 Morningstar UK Limited. All Rights Reserved. The Morningstar Analyst Rating™. © 2019 Morningstar. All Rights Reserved. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Ratings should not be taken as recommendation.

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