PMCs

Unit-Linked Life Insurance

Europe (ex UK) Equity Index Fund

Fund aim

The investment objective of the fund is to track the performance of the FTSE Developed Europe ex UK Index (less withholding tax where applicable) to within +/-0.5% p.a. for two years out of three.

Fund characteristics

The fund employs an index tracking strategy, aiming to replicate the performance of its benchmark. We follow a pragmatic approach to managing index funds, either investing directly in the securities of that index, or indirectly through other LGIM funds. The fund may also hold index and single stock futures for efficient portfolio management.

Fund facts

Fund size£6,864.6m
Base currencyGBP
DomicileUnited Kingdom
Share class launch12/10/88
As at 31 Dec 2023

Benchmark

FTSE Developed Europe ex UK Index

Performance

Source: LGIM. Performance is reported in GBP based on weekly mid-market prices before the deduction of fees. Benchmark is supplied net of tax applicable to UK pension schemes
Past performance is not a guide to future performance and the value of investments can go down as well as up.
Share class launch date:12 Oct 1988
Benchmark:FTSE Developed Europe ex UK Index
Share class launch date:12 Oct 1988
Benchmark:FTSE Developed Europe ex UK Index
    Share class launch date:12 Oct 1988
    Benchmark:FTSE Developed Europe ex UK Index

    Portfolio breakdown

    As at 31 Dec 2023

    Top 10 holdings25.5%
    Rest of portfolio74.5%
    No. of holdings in fund433
    No. of holdings in index433

    Top 10 holdings (%)

    Novo Nordisk B3.9
    Nestle3.8
    ASML3.6
    Roche Holding2.5
    Novartis2.4
    Lvmh Moet Hennessy Louis Vuitton2.4
    SAP2.0
    Totalenergies1.8
    Siemens1.7
    L'Oreal1.4

    Sector (%)

    Industrials
    18.2
    Financials
    17.6
    Health Care
    15.9
    Consumer Discretionary
    13.2
    Technology
    9.7
    Consumer Staples
    8.3
    Basic Materials
    4.6
    Energy
    4.1
    Utilities
    4.1
    Other
    4.1

    All data source LGIM unless otherwise stated. Totals may not sum due to rounding. In order to minimise transaction costs, the Fund will not always own all the assets that constitute the index and on occasion it will own assets that are not in the index.

    Fund managers

    LGIM Index Fund Management Team headshot

    LGIM Index Fund Management Team

    The Index Fund Management team comprises 25 fund managers, supported by two analysts. Management oversight is provided by the Global Head of Index Funds. The team has average industry experience of 15 years, of which seven years has been at LGIM, and is focused on achieving the equally important objectives of close tracking and maximising returns.

    Literature

    Prices

    Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a weekly close, daily close, or daily midday basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.

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    Monthly price history

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    Please note that a maximum of 10 years price history is available.