iShares Global 100 ETF (IOO)
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/100924-2024-08-05-14:52.pdf |
FUND MANAGER | BlackRock Investment Management (Australia) |
ASX Code | IOO* |
APIR | IOO |
ASSET CLASS | EXCHANGE TRADED FUNDS |
INVESTMENT STYLE | The Fund seeks to achieve its objective by tracking the performance |
INVESTMENT PROFILE | The Fund aims to provide investors with the performance of an |
CURRENCY MANAGEMENT | Active management |
INCEPTION DATE | 05-12-2000 |
BENCHMARK | S&P Global 100 Index |
FUND SIZE | S&P Global 100 Index |
DISTRIBUTION FREQUENCY | Half-yearly |
NO. OF HOLDINGS | 1 |
FEES | 0.40% p.a. |
STRUCTURE |
Benefits
Benefits | Benefits of iSharesiShares 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 | Medium-High |
INVESTOR SUITABILITY | This product is likely to be appropriate for a consumer seeking |
Risks
Title | |
Detail |
Key Features
About the FundThe fund seeks to track the investment results of an index composed of 100 large-capitalisation global equities. The index, the S&P Global 100, is designed to measure the performance of 100 multi-national, blue chip companies of major importance in the global equity markets. Why IOO?
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Mandate
How we invest your moneyThe Fund seeks to achieve its objective by tracking the performance of the S&P Global 100 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 implements its optimisation investment strategy through an investment in a US domiciled version of the Fund, also called the iShares Global 100 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 is generally exposed to the international developed 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 obtains 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 IndexThe Index measures the performance of multi-national, blue-chip companies of major importance in the global equity markets. The Index is a float-adjusted, market capitalisation weighted index and a subset of the S&P Global 1200, containing 100 highly liquid equity securities. For more information please see Section 10 of the PDS |