European Index Tracker Fund

Share Class

ISIN
GB0030929417

Price (20.09.2019)
21.93

% Price Change
0.64

Yield
2.19

Objective and investment policy

Objective

The fund aims to track the FTSE World Europe ex UK Index*.

Investment policy and strategy

Core investment: The fund holds the shares of all the largest companies in the index as well as the shares of a selection of the remaining smaller companies to ensure that the index is replicated as closely as possible.

Other investments: Generally, less than 5% is held as cash or assets that can be turned into cash quickly.

Use of derivatives: The fund is typically directly invested in company shares but may make limited use of derivatives to reduce risk and costs.

Strategy in brief: The fund is designed to track the performance of the FTSE World Europe ex UK Index, which represents a broad spread of European company shares. It typically has around 375 holdings, including all of the shares of the largest 100 companies in the index, as well as the shares in a selection of the remaining smaller companies to ensure that the index is replicated as closely as possible.

* FTSE® International. FTSE is a joint trademark of the London Stock Exchange Limited and the Financial Times Limited and is used by FTSE International Limited under licence. The FTSE World Europe ex UK Index is calculated by FTSE International Limited. FTSE International Limited does not sponsor, endorse or promote these products. All copyright in the index values and constituent lists rests with FTSE International Limited. M&G Securities Limited has obtained full licence from FTSE International Limited to use such copyright in the creation of this product.

Glossary terms

Derivatives: Financial contracts whose value is derived from other assets.

Risks associated with the fund

The value and income from the fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise. There is no guarantee that the fund will achieve its objective and you may get back less than you originally invested.

The fund can be exposed to different currencies. Movements in currency exchange rates may adversely affect the value of your investment.

In exceptional circumstances where assets cannot be fairly valued, or have to be sold at a large discount to raise cash, we may temporarily suspend the fund in the best interest of all investors.

The fund could lose money if a counterparty with which it does business becomes unwilling or unable to repay money owed to the fund.

Further details of the risks that apply to the fund can be found in the fund's Prospectus.

Other information

The fund is designed to track the FTSE World Europe Ex UK Index

The fund invests mainly in company shares and is therefore likely to experience larger price fluctuations than funds that invest in bonds and/or cash.

Performance

The value of investments will fluctuate, which will cause fund prices to fall as well as rise and you may not get back the original amount you invested. The level of any income earned by the fund will fluctuate. Past performance is not a guide to future performance. 

Source: Price: State Street. Performance: Morningstar. Performance figures are on a price to price basis with income reinvested. Performance figures may not reflect all relevant charges.

Please note that the Morningstar Category performance data in this tool where shown, is from the default Morningstar database, which contains all the share classes for each fund available across Europe, Asia and Africa. This can differ from the comparative sector data in M&G factsheets which is from the same database, but showing only the most appropriate share class to represent each fund, and for just those funds available in Europe. Neither Morningstar nor its Information Providers can guarantee the accuracy, completeness, timeliness, or correct sequencing of any of the Information on the Web site, including, but not limited to Information originated by Morningstar, licensed by Morningstar from Information Providers, or gathered by Morningstar from publicly available sources. There may be delays, omissions, or inaccuracies in the Information.

 

Fund Team

Nigel Booth

Nigel Booth - Fund manager

Nigel Booth is manager of the M&G European Index Tracker Fund and deputy on the M&G Index Tracker Fund and the M&G Fund of Investment Trusts Shares. Nigel is also head of index funds. Before joining M&G, he was responsible for index/passive funds and derivatives dealing at Insight Investment. Nigel graduated in business studies.

 Team member biography
Richard OConnor

Richard O'Connor - Deputy Manager

Richard O'Connor joined M&G in 2002 and is manager of the M&G Fund of Investment Trust Shares, the PPL Ethical Fund and a number of index funds. He joined the business from Goldman Sachs where he worked as a consultant. Prior to this, he was with Standard Corporate & Merchant Bank Asset Management in a research analyst role, which he held for more than three years. Richard graduated with a bachelor of commerce degree from the University of Natal and holds an honours degree in investment management from the University of Johannesburg (formerly RAU).

 Team member biography

Ratings

Rating is at a share class level

3 Star Rating

Ratings as at 31/07/2019. The Morningstar Overall Rating. Copyright © 2019 Morningstar UK Limited. All Rights Reserved. The Morningstar Analyst Rating™. © 2019 Morningstar. All Rights Reserved. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Ratings should not be taken as recommendation.

For Investment Professionals only. Not for onward distribution to any other type of client. No other persons should rely on the information contained on this website. Content should therefore be shared responsibly with other investment professionals. The value of investments will fluctuate, which will cause fund prices to fall as well as rise and you may not get back the original amount you invested.