Amundi Index MSCI World Fund

Fund Description

The Fund’s investment objective is to track the performance of MSCI World Index (the "Index"), and to minimize the tracking error between the net asset value of the sub-fund and the performance of the Index.

Key Features

• 1

  Broad developed-market equity exposure

  The Sub-Fund is passively managed with the objective of tracking the MSCI World Index while minimising the tracking error between the fund's net asset value and the Index. The MSCI World Index is an equity index representative of the large- and mid-cap markets across 23 developed countries. It is a Total Return Index, which means the dividends paid by its constituents, net of tax, are included in the index return. The Index value can be followed via Bloomberg under the ticker NDDUWI.

• 2

  Direct (physical) replication

  Exposure to the Index is achieved through Direct Replication, mainly by making direct investments in transferable securities and other eligible assets representing the Index constituents. These holdings are held in a proportion extremely close to each constituent's weighting in the Index. The Investment Manager may use derivatives to manage inflows and outflows, and where doing so allows better exposure to an Index constituent. To generate additional income to offset its costs, the Sub-Fund may also enter into securities lending operations.

• 3

  Cost-efficient, accumulating share class

  Ongoing costs are low, with management fees and other administrative or operating costs of 0.10% of the investment value per year, plus estimated transaction costs of a further 0.04% per year. There is no performance fee charged on this product. It is a non-distributing (accumulating) share class, so investment income is reinvested rather than paid out to investors. The product is designed for medium-term investment, with a recommended holding period of 5 years.