The investment seeks to track the price and yield performance, before fees and expenses, of the MSCI Daily TR Net Daily Emerging Markets India USD index.
The index is a free float-adjusted market capitalisation index reflecting the performances of the Indian stock market by including ordinary shares of all large- and mid-cap companies within a market capitalization within the top 85% of the Indian market investable equity universe. The fund may invest in transferable securities and/or use derivative techniques such as index swap agreements negotiated at arm’s length with the Swap Counterparty. It may invest part or all of the net proceeds of any issue of its Shares in one or more OTC Swap Transactions and exchange the invested proceeds against the performance of the Index. The fund will not invest more than 10% of its assets in units or shares of other UCITS or other UCIs in order to be eligible for investment by UCITS governed by the UCITS Directive. It will have no maturity date.