Description

The underlying index, the MSCI World Minimum Volatility Index (TRN), seeks to replicate the performance of a carefully selected group of large and medium-capitalization companies from developed markets worldwide. This index is meticulously constructed to achieve the lowest possible overall risk, employing an estimated security co-variance matrix to deliver an investment portfolio characterized by minimal absolute volatility under specific predefined limitations. Its composition undergoes a thorough review and rebalancing each quarter. Comprehensive details regarding the index's selection and weighting methodologies can be found on the MSCI website.