Description

This investment product, structured as a specific share class within a larger fund, seeks to generate returns for investors through a blend of capital appreciation and income. Its core objective is to replicate the performance of its reference benchmark, the MSCI World Mid-Cap Equal Weighted Index. To achieve this, the Fund primarily invests in the equity securities (stocks) that, as far as practicable, comprise this benchmark. The benchmark itself focuses on tracking the characteristics of mid-sized companies (mid-capitalization equities) derived from the broader MSCI World Index. A crucial feature is that each security within this benchmark is assigned an equal weighting. During each periodic rebalancing, all index constituents are adjusted to hold the same weight, thereby nullifying the influence of individual stock prices. This unique methodology often results in the benchmark giving proportionally greater importance to the smaller mid-capitalization stocks compared to its parent index during rebalance periods.