Category: Open Ended Investment Company
The Share Class is a share class of a Fund which aims to achieve a return on your investment which reflects the return of the MSCI Mexico Capped Index Net USD, the Fund’s benchmark index. The Share Class, via the Fund, aims to invest so far as possible and practicable in the equity securities (e.g. shares) that make up the benchmark index. The benchmark index measures the performance of large and mid-market capitalisation companies in the Mexican equity market which comply with MSCI's size, liquidity, and free-float criteria. Companies are included in the benchmark index based on a free float - adjusted market capitalisation weighted basis. Free float 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 issued 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 benchmark index caps the weight of the largest companies at each rebalance to ensure index diversification. The weight of the largest group entity in the benchmark index is capped at 30% and the remaining group entities at 20%.The benchmark index is a net total return index which means that the net dividends of the constituents of the benchmark index are reinvested after the deduction of any taxes that may apply. The Fund intends to replicate the benchmark index by holding the equity securities which make up the benchmark index, in similar proportions to it. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of the Fund. The investment manager may use financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets) to help achieve the Fund’s investment objectives. FDIs may be used for direct investment purposes. The use of FDIs is expected to be limited for this Share Class. 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. Your shares will be accumulating shares (i.e. income will be included in their value). Your shares will be denominated in US Dollar, the Fund's base currency. The shares are listed on one or more stock exchanges and may be traded in currencies other than their base currency. The performance of your shares may be affected by this currency difference. In normal circumstances, only authorised participants (e.g. select financial institutions) may deal in shares (or interests in shares) directly with the Fund. Other investors can deal in shares (or interests in shares) daily through an intermediary on stock exchange (s) on which the shares are traded.