Category: Open Ended Investment Company
The sub-fund iShares STOXX Europe 600 Food & Beverage UCITS ETF (DE) (the “Fund”) is a passively managed exchange traded fund (ETF) that aims to track the performance of the STOXX® Europe 600 Food & Beverage (Price Index) as closely as possible. In this regard, it aims to replicate the benchmark (Index). The Index measures the performance of the European Food & Beverage sector as defined by the Industry Classification Benchmark (ICB) and is a subset of the STOXX ® Europe 600 index, which comprises 600 of the largest stocks across 18 European countries. The Index rebalances quarterly with components weighted by free float market capitalisation and capped to maintain compliance with UCITS diversification standards. Free float market capitalisation is the market value of a company's readily available outstanding shares. The Fund mostly invests in equities in order to achieve the investment objective. The proportion of assets in the Fund which matches the weighting of the Index (duplication percentage) is at least 95% of the Fund's assets. It is not the Investment Manager’s intention to leverage the Fund. However, the Fund may generate minimal amounts of leverage from time to time, for example, if using financial derivative instruments (FDIs) for efficient portfolio management purposes. Recommendation: This Fund is suitable for medium to long term investment, though the Fund may also be suitable for shorter term exposure to the Index. The units in the Fund are distributing units. Income from the Fund’s investments will be paid out at least once a year as a dividend. The Fund units are denominated in Euro. The units are listed on one or more Stock Exchange(s). Investors can buy or sell their units daily during business hours through an intermediary on such Stock Exchange(s). For more information on risks, please see the Fund's prospectus in paragraph 'Risk Warnings', which is available at www.ishares.com (select your country and navigate to Documents/Legal information).