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Indxd Global exEurozone Equity
Fund Snapshot
Launch Date 01/04/2010
Fund Manager State Street Global Advisors
Risk Rating Risk Rating 5
Fund Type Asset Class Regional Equity Regional Equity
Diversification Diversification 4
Stocks & Holdings 1616 Equities
Regions Covered Regions Covered 7
Fund Size €55.3m*
Latest Bid Price €2.3909 
Price Date 22/05/2018 

Fund Performance

Performance Line Graph

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Fund Summary
The objective of this fund is to provide broad exposure to international equity markets outside of the Eurozone. It does so by aiming to track the performance of an underlying index of international shares rather than by active management.The fund is currently aiming to track the FTSE All World Developed ex Eurobloc Index through a SSgA Ireland managed fund but may elect to track other appropriate international indices. The FTSE All World Developed ex Eurobloc Index comprises of large and mid cap stocks providing coverage of world developed markets outside of the Eurozone. As an equity fund, this fund has a potentially high return but also a high risk profile given the risks inherent in investing in equities. The fund can be volatile over short to medium term periods.

Market Commentary
Regional equity markets emerged from the most volatile quarter in two years mostly in negative territory with a more uncertain trajectory for the balance of 2018. Though much of the negative news flow that drove market volatility emanated from the U.S. where the broad market declined 0.8% for the quarter, the U.S. fared more than other developed markets in local terms with Asia Pacific shares declining more than 4% before currency adjustment. There was a 7.3% decline in local terms of the U.K. market, where Brexit concerns continue to weigh on longer term economic sentiment. Among Pacific equities, Japanese shares were hindered by a move into negative territory of its own Citibank Economic Surprise Index during the first quarter as well as a near 6% gain in the Japanese Yen against the USD, putting pressure on exporters. For U.S. investors, losses in developed market investments were limited by a 5th consecutive quarterly decline of the U.S. dollar Index of 2.3% in the quarter through March. Best among the major regional indices in the first quarter were emerging markets, where the MSCI Emerging Markets Index posted a modest gain of 1.5%, holding on to a fraction of the 8.3% gain the index posted in January.

(31st March 2018)

Additional Information

Management Charge
0.65% pa of fund assets. Please refer to policy conditions for policy charges.

Geographical Split as at 31/03/2018

Top 10 holdings as at 31/03/2018

Holdings
APPLE INC 2.36%
MICROSOFT CORP 1.90%
AMAZON.COM INC 1.61%
FACEBOOK INC-A 1.05%
JPMORGAN CHASE & CO 1.05%
JOHNSON & JOHNSON 0.95%
ALPHABET INC-CL C 0.87%
EXXON MOBIL CORP 0.87%
ALPHABET INC-CL A 0.85%
BANK OF AMERICA CORP 0.79%

This fund should be considered as being a medium-long term investment. Access to your investment in this fund may in periods of adverse investment conditions be restricted for up to one month. Asset Information source: Asset Information source: SSgA, unless otherwise stated. State Street Global Advisors Ireland Limited is regulated by the Central Bank of Ireland. Performance figures are as per 'price date'. * Fund size refers to assets under management in underlying fund.

The returns shown include the reinvestment of net income and are net of trading costs and management fees but before other insurance contract charges and as such do not represent the returns on insurance contracts linked to these funds. Details of all charges for a particular product are available on request.

The information in this document does not constitute investment advice. It does not take into account the investment objectives, financial position or needs of any particular investor. Before making an investment decision, you should consult suitably qualified and independent investment, taxation, and regulatory advisors to discuss your specific situation and investment objectives. The investment strategies and risk profiles outlined in this document may not be suitable for your specific investment needs.

The funds referred to on this page may be linked to an insurance-based investment product and the Key Information Document (KID) for this product is available at www.friendsfirst.ie/kids. The Risk Ratings of the funds referred to in this document differ from the corresponding Summary Risk Indicators shown in the KID. An explanation of the differences between the Risk Rating and the Summary Risk Indicator is available at the location above.

Warning: Past performance is not a reliable guide to future performance.
Warning: The value of your investment may go down as well as up.
Warning: Funds may be affected by changes in currency exchange rates.
Warning: If you invest in this product you may lose some or all of the money you invest.



The information provided is intended for use by retail investment customers and is based on our understanding of current law and revenue practice.

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Fund Performance

Fund Performance To Date
Fund Description Fund 1 mth YTD 1YR 3YR p.a. 5YR p.a. 10YR p.a. Launch p.a

The funds referred to on this page may be linked to an insurance-based investment product and the Key Information Document (KID) for this product is available at www.friendsfirst.ie/kids. The Risk Ratings of the funds referred to in this document differ from the corresponding Summary Risk Indicators shown in the KID. An explanation of the differences between the Risk Rating and the Summary Risk Indicator is available at the location above.

Warning: Past performance is not a reliable guide to future performance.
Warning: The value of your investment may go down as well as up.
Warning: Funds may be affected by changes in currency exchange rates.
Warning: If you invest in this product you may lose some or all of the money you invest.

FUND WARNINGS:
  1. Performance Fees: The growth of the Insight Currency fund will be subject to a 20% monthly performance fee which only applies when the growth rate exceeds 7% p.a. The Market Neutral Equity fund will be subject to a performance fee of 10% of any growth achieved above cash returns (specifically 3-month EURIBID).
  2. The price protection on the Protected Equity+ Fund, Series 3 is provided by Deutsche Bank AG.
  3. Money invested in the Deposit fund is placed with one or more Banks. The payment of interest and security of capital is provided by the Bank(s). The Bank(s) and not Friends First are providing the security on the Deposit fund. Please refer to the Fund Factsheet.
  4. The property fund managers reserve the right to place a withdrawal limit or/and to defer encashment for up to six months or such time as is necessary to facilitate the sale of assets if required.
Fund Performance

Daily Fund Prices and Performance

Fund Name Bid Price Price Date 1Mth (%) YTD (%) 1Yr (%) 3Yrs (%) 5Yrs (%) 10Yrs (%) Since Launch (%)
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