The fund tracks an index that provides comprehensive, vanilla exposure to large-, mid-, and small-cap companies from developed European countries including the UK. The underlying index is a subset of the FTSE Global Equity Index Series, an index series that covers approximately 98% of the global market. The fund covers the European equity market classified as developed based on a set of standards defined and maintained by FTSE. The eligible securities are screened for investability, liquidity, transparency, and availability measures. The fund is diversified enough to invest across various sectors. Index constituents are reviewed semi-annually in March and September.
