iShares Asia 50 ETF (IAA)
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/101426-2024-03-09-02:29.pdf |
FUND MANAGER | BlackRock Investment Management (Australia) |
ASX Code | IAA* |
APIR | |
ASSET CLASS | EXCHANGE TRADED FUNDS |
INVESTMENT STYLE | The Fund seeks to achieve its objective by tracking the performance of the S&P Asia 50TM Net TR Index (AUD) (referred to in this section 3 of the PDS as the Index). |
INVESTMENT PROFILE | The Fund aims to provide investors with the performance of an index, before fees and expenses. The index is designed to measure the performance of developed |
CURRENCY MANAGEMENT | Active management |
INCEPTION DATE | 13-11-2007 |
BENCHMARK | S&P Asia 50 |
FUND SIZE | S&P Asia 50 |
DISTRIBUTION FREQUENCY | Half-yearly |
NO. OF HOLDINGS | 1 |
FEES | 0.50% 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 | 7 |
INVESTOR SUITABILITY | This product is likely to be appropriate for a consumer seeking |
Risks
Title | |
Detail |
Key Features
About the FundThe Fund aims to provide investors with the performance of an
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Mandate
How we invest your moneyThe Fund seeks to achieve its objective by tracking the performance of the S&P Asia 50TM 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 Asia 50 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 Asian equity securities 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 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 consists of 50 leading blue-chip companies that are drawn from four major Asian markets, being Hong Kong, Singapore, South Korea and Taiwan. The Index is a float-adjusted, market capitalisation weighted index, including only the largest, most liquid equity securities domiciled in the four aforementioned Asian markets. For more information please see Section 3 of the PDS |