Description

This exchange-traded fund aims to mirror the performance of the MSCI EMU index, specifically its price and income returns, with a full hedge to British Pounds Sterling. It achieves this by primarily investing in large and medium-sized European companies that are components of the index. The fund's portfolio is structured to precisely reflect the index's composition, including the relative weighting of each company's shares and necessary currency hedges. Operating under a passive management approach, it does not seek to outperform the market.