iShares MSCI Emerging Markets ETF (IEM)
About this Fund
|FUND MANAGER||BlackRock Investment Management (Australia)|
|ASSET CLASS||EXCHANGE TRADED FUNDS|
The Fund seeks to achieve its objective by tracking the performance
The Fund aims to provide investors with the performance of an
|CURRENCY MANAGEMENT||Active management|
|BENCHMARK||MSCI Emerging Markets Index|
|FUND SIZE||MSCI Emerging Markets Index|
|NO. OF HOLDINGS||1|
Benefits of iShares
iShares ETFs are managed funds listed or quoted on exchanges (including ASX) providing you with the opportunity to gain exposure to a diversified portfolio of assets in a single transaction.
The significant benefits of investing in the Funds include:
Other benefits of investing in iShares ETFs generally include:
This product is likely to be appropriate for a consumer seeking
About the Fund
The fund seeks to track the investment results of an index composed of large- and mid-capitalisation emerging market equities.
The index, the MSCI Emerging Markets Index, is designed to measure equity market performance in the global emerging markets.
How we invest your money
The Fund seeks to achieve its objective by tracking the performance of the MSCI Emerging Markets Net TR Index (AUD) (referred to as the Index).
We believe that an optimisation investment strategy is the most appropriate investment strategy to track the performance of the Index as it takes into account liquidity and transaction cost impact and overall risk relative to the Index.
Optimisation is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of the Index. The securities selected are expected to have, in aggregate, investment characteristics (based on factors such as market capitalisation and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of the Index. Therefore, the securities to which each Fund is exposed may or may not include all of the securities in its Index and the weighting of such securities may differ to the weighting of securities in the Index.
The Fund will implement its optimisation investment strategy through an investment in a US domiciled version of the Fund, also called iShares MSCI Emerging Markets ETF (referred to as the Underlying Fund). Refer to the section of the PDS titled "The Underlying Funds for further information on the Underlying Fund.
What does the Fund invest in?
The Fund will generally be exposed to the international emerging market equity securities that form the Index and in depositary receipts representing securities of the Index.
The Fund may have limited exposure to securities that are not constituents of the Index, including derivatives, where such securities provide similar performance (with matching risk profile) to Index securities. However, from time to time the Fund may be exposed to all constituents of the Index.
The Fund will obtain exposure to the aforementioned securities indirectly, by investing in the Underlying Fund, which invests in such securities.
Generally, the Fund and Underlying Fund may also be exposed to a small allocation of cash (or cash equivalents, that may include other BlackRock Group funds) for cash flow management purposes.
About the Index
The Index is designed to represent the performance of large- and mid-capitalisation securities in 24 emerging markets.
The Index is a free float-adjusted market capitalisation weighted index, based on the GIMI Methodology, which provides a comprehensive and consistent approach to index construction that allows for meaningful global views and cross regional comparisons across all market capitalisation size, sector and style segments and combinations. This methodology aims to provide exhaustive coverage of the relevant investment opportunity set with a strong emphasis on index liquidity, investability and replicability.
For more information please see Section 19 of the PDS