iShares Global 100 AUD Hedged ETF (IHOO)
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 the market, before fees and expenses (including the cost of hedging). The index is designed to measure the AUD hedged performance of 100 multi-national, blue chip companies of major importance in global equity markets.
|BENCHMARK||S&P Global 100 Hedged Australian Dollar Index|
|FUND SIZE||S&P Global 100 Hedged Australian Dollar Index|
|NO. OF HOLDINGS||Around 100|
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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About the Fund
The fund aims to provide investors with the performance of the market, before fees and expenses (including the cost of hedging), as represented by an index composed of 100 large capitalisation global equities (hedged to Australian dollars).
The index, the S&P Global 100Hedged Australian Dollar Index, is designed to measure the Australian dollar hedged performance of 100 multi-national, blue chip companies of major importance in the global equity markets.
How we invest your money
The Fund seeks to achieve its objective by tracking the performance of the S&P Global 100 Net TR Index (Hedged to 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 may choose to implement some or all of its optimisation investment strategy through an investment in the iShares Global 100 ETF (referred to as the Underlying Fund); a US domiciled fund that aims to track the performance of a non-Australian dollar hedged version of the Index. Refer to the section of this PDS titled "The Underlying Funds for further information on the Underlying Fund. The Fund applies a passive currency hedge, which seeks to minimise the effect of currency fluctuations on returns by converting the currency exposure of the Index back to Australian dollars. Refer to the section of the PDS titled "Currency hedged funds for further information.
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. 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 either:
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. The Fund will also invest in forward foreign exchange contracts for currency hedging purposes.
About the Index
The Index measures the Australian dollar hedged 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 11 of the PDS