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Indexed UK Equity
Fund Snapshot
Launch Date 03/04/2013
Fund Manager State Street Global Advisors
Risk Rating Risk Rating 6
Fund Type Asset Class Regional Equity Regional Equity
Diversification Diversification 2
Stocks & Holdings 108
Regions Covered Regions Covered 1
Fund Size £140m*
Latest Bid Price €1.3483 
Price Date 19/01/2018 

Fund Performance

Performance Line Graph

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Fund Summary
The objective of this fund is to provide broad exposure to UK Equity markets. It does so by aiming to track the performance of underlying indices rather than by active management. The fund is currently aiming to track the MSCI UK Index through an SSgA managed fund but may elect to track other appropriate indices. The fund is expected to achieve strong returns in the longer term based on the performance of equity markets. This fund is also expected to be more volatile than a mixed asset fund given the higher equity content and is suited to a longer term investment horizon.

Market Commentary
The third quarter of 2017 was a broadly positive period for the world's financial markets, with a narrative of healthy economic data and strong corporate profitability underpinning equity gains. In Europe, minimal progress was made on the terms of the UK's exit from the European Union, while unexpected gains by a right-wing party in Germany's September general election weighed on market sentiment.

Difficult Brexit negotiations and rate hike speculation coloured the UK backdrop in the quarter. While unemployment remains exceptionally low, the headline annual inflation rate of 2.9% in August is more than offsetting annual wage growth of 2.1%. A recovery in sterling on rising expectations of a near-term rate hike dragged on UK equities as the FTSE 100 underperformed its peers with a three-month return of just 0.8%. The FTSE 250 did relatively better in returning 2.8%.

(30th Sept 2017)

Additional Information

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

Sector Breakdown v Benchmark (MSCI UK) as at 30/09/2017

Sector Fund (%) Benchmark (%)
Financials 22.09 22.10%
Consumer Staples 18 18.00%
Energy 14.68 14.68%
Health Care 9.96 9.94%
Materials 8.53 8.53%
Consumer Discretionary 8.17 8.18%
Industrials 7.89 7.88%
Telecommunication 4.32 4.32%
Utilities 3.51 3.51%
Information Technology 1.57 1.57%
Real Estate 1.28 1.29%

Top 10 stocks as at 30/09/2017

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.

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.

Selected Funds
Fund Description Performance

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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

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.

  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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