Description

The fund generally invests in US large and mid cap stocks which are contained in the MSCI USA Quality Advanced Target Select 100% Hedged to EUR Index. The relative weightings of the companies correspond to their weightings in the index.The investment objective is to replicate the price and return performance of the MSCI USA Quality Advanced Target Select 100% Hedged to EUR Index net of fees. The stock exchange price may differ from the net asset value.The purpose of the Currency Hedge is to limit the profit or loss generated from foreign exchange exposure when holding an US Dollar denominated asset in a currency other than US Dollars.The fund is passively managed.