Friends First Home
compare funds  Send Link as email  Download PDF
Indexed Emerging Mkts 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 842
Regions Covered Regions Covered 1
Fund Size $139m*
Latest Bid Price €1.2529 
Price Date 20/11/2017 

Fund Performance

Performance Line Graph

From     To expand graph

Fund Summary
The objective of this fund is to provide broad exposure to the Emerging 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 Emerging Markets 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 or developed markets equity fund 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. While equity volatility remained remarkably low through much of the quarter, investors were intermittently rattled by geopolitical shifts; most notably, the ramping up of tensions between the US and North Korea over the latter's missile tests. Emerging markets equities have benefited from the weak dollar in 2017 which, alongside improving economic growth and stronger earnings, helped attract investors. Rising oil and related commodity prices bolstered some market gains. The MSCI Emerging Markets Index returned 7.9% in USD terms.

North Korean missile launches and a partial recovery of the US dollar hit returns towards the end of the quarter. South Korea's Kospi Index was virtually flat in Q3, as the country also came under fire from Trump over trade. China's Shanghai Composite returned 4.9%, underpinned by second-quarter GDP that topped expectations in matching Q1 y/y growth of 6.9%. Australia's S&P/ASX 200 Index posted a decline of 0.7% as telecoms and banks offset mining and energy sector gains. Hong Kong's Hang Seng Index advanced 7.0%, while India's Sensex Index generated a gain of 1.2%.

(30th Sept 2017)


Additional Information

Management Charge
0.85% pa of fund assets. Please refer to policy conditions for policy charges.

Geographical Breakdown as at 30/09/2017

Sector Breakdown as at 30/09/2017

Sector Fund (%) Benchmark (%)
Information Technology 27.61 27.59%
Financials 23.42 23.41%
Consumer Discretionary 10.23 10.29%
Materials 7.22 7.22%
Energy 6.78 6.79%
Consumer Staples 6.47 6.48%
Industrials 5.38 5.40%
Telecommunication 5.11 5.09%
Real Estate 2.92 2.88%
Utilities 2.57 2.57%
Health Care 2.27 2.28%

Top 10 Stocks as at 30/09/2017

Holdings
Tencent Holdings Ltd 4.89%
Samsung Electronics 4.38%
Alibaba Group 3.93%
Taiwan Semiconductor 3.53%
Naspers Ltd 1.89%
China Construction Bank 1.40%
Baidu Inc -Spon Adr 1.36%
China Mobile 1.24%
Ind and Comm Bk of China 1.10%
Hon Hai Precision Industry 1.08%

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


From     To

expand graph     Add/Remove Fund

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.

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 (%)

You have selected the maximum number of funds (5)

Banner Banner

 

© Friends First, Friends First House, Cherrywood Business Park, Loughlinstown, Dublin 18
Friends First Life Assurance Company dac is regulated by the Central Bank of Ireland.
Friends First is part of Achmea