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Indexed Eurozone Govt Bonds
Fund Snapshot
Launch Date 03/04/2013
Fund Manager State Street Global Advisors
Risk Rating Risk Rating 3
Fund Type Asset Class Fixed Interest Fixed Interest
Diversification Diversification 3
Stocks & Holdings 298
Regions Covered Regions Covered 1
Fund Size €731m*
Latest Bid Price €1.1678 
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 Euro denominated debt of countries of the European Monetary Union. It does so by aiming to track as closely as reasonably possible the performance of underlying indices rather than by active management. The fund is currently aiming to track the Citigroup EMU Government Bond Index through an SSgA managed fund, but may elect to track other appropriate indices. This fund will tend to perform well if interest rates are falling. In a rising interest rate environment, this fund can produce negative results.

Market Commentary
Having advanced through much of the quarter, major bond markets weakened as central bank signals on tighter monetary policy was reflected in climbing yields - bond prices typically move inversely to interest rates. The Fed's announcement that it would begin to reduce its holdings in government and mortgage-backed debt from October was a key moment in the quarter, as was a US debt ceiling deal between the White House and Democrats. Market speculation that the ECB may `taper' its bond purchases in 2018 prompted a reversal of earlier bond gains. German 10-year yields were unchanged at 0.46%, rising from a low of 0.31% in early September.

METRICS: Effective Duration 7.59 years. Average Maturity 9.22 years.

(30th Sept 2017)

Additional Information

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

Geographical Split as at 30/09/2017

Credit Rating as at 30/09/2017

Rating Fund % Benchmark
BAA 37.88 37.95%
AA 37.08 37.05%
AAA 22.98 22.94%
A 2.06 2.06%

Maturity Distribution 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: 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

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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