iShares Core MSCI World Ex Australia ESG Leaders (AUD Hedged) ETF (IHWL)
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/100922-2024-03-09-02:29.pdf |
FUND MANAGER | BlackRock Investment Management (Australia) |
ASX Code | IHWL* |
APIR | |
ASSET CLASS | EXCHANGE TRADED FUNDS |
INVESTMENT STYLE | The Fund seeks to achieve its objective by tracking the performance of the MSCI World ex Australia Custom ESG Leaders Index 100% hedged to AUD (referred to in this section 6 of the PDS as the Index). |
INVESTMENT PROFILE | The Fund aims to provide investors with the performance of an index, before fees and expenses (including the cost of hedging). The index is designed to measure the AUD hedged performance of global, developed market large and mid-capitalisation companies with better sustainability credentials relative to their sector peers. |
CURRENCY MANAGEMENT | Hedged |
INCEPTION DATE | 28-04-2016 |
BENCHMARK | MSCI World Investable Market Index 100% Hedged to AUD |
FUND SIZE | MSCI World Investable Market Index 100% Hedged to AUD |
DISTRIBUTION FREQUENCY | Half-yearly |
NO. OF HOLDINGS | Around 150 |
FEES | 0.12% p.a. |
STRUCTURE |
Benefits
Benefits | 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:
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RISK LEVEL | 5 |
INVESTOR SUITABILITY | This product is likely to be appropriate for a consumer seeking capital growth with a medium to high risk/return profile. This product is unlikely to be appropriate for a consumer with a short investment timeframe. |
Risks
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Detail |
Key Features
About the FundThe fund aims to provide investors with the performance of the MSCI World Investable Market AUD Hedged Index, before fees and expenses. The index is designed to measure the AUD hedged performance of global, developed market large-, mid- and small- capitalisation companies. Why IHWL?
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Mandate
How we invest your moneyThe Fund seeksto achieve its objective by tracking the performance of the MSCI World ex Australia Custom ESG Leaders Index 100% hedged to AUD (referred to in thissection 6 of the PDS asthe 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 the Fund is exposed may or may not include all of the securities in its Index and the weighting ofsuch securities may differ to the weighting of securities in theIndex. What does the Fund invest in?The Fund will generally be exposed to the international developed market stocks that form the Index and to depositary receipts representing securities of the Index.
About the IndexThe Index is a free float‐adjusted market capitalisation weighted index that aimsto representthe performance of companiesin the MSCI World Ex Australia Index (referred to in this section 6 of the PDS as the Parent Index) with the exception of securities classified under select Global Industry Classification (GICS®) sub‐industries that have high Environmental, Social and Governance (“ESG”) ratings relative to their sector peers(hedged to Australian dollars). The Parent Index represents large and mid‐cap securities across Developed Markets countries (excluding Australia). The Index tracked by IHWL aims to target sector weights that reflect the relative sector weights of the Parent Index to limit the systematic risk introduced by the ESG selection process. Overall, the Index targets 50% of the Parent Index. For more information please see Section 6 of the PDS |