PMCs

Unit-Linked Life Insurance

Global Equity Market Weights (30:70) Index Fund - GBP 75% Currency Hedged

Fund codeVW

Fund aim

The investment objective of the fund is to provide diversified exposure to UK and overseas equity markets while reducing foreign currency exposure of 75% of the overseas assets. A 30/70 distribution between UK and overseas assets is maintained with the overseas allocation mirroring that of the FTSE All World (ex UK) Index.

Fund characteristics

The fund achieves its objective by investing in a range of LGIM Index tracking funds. The underlying funds employ an index tracking strategy, aiming to replicate the performance of their individual benchmarks. 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 funds may also hold index and single stock futures for efficient portfolio management. 75% of the developed market currency exposure, except where arising from holdings in emerging market securities denominated in developed market currencies (e.g. ADRs/GDRs), is hedged back to sterling. Currency hedging is achieved by selling forward for approximately one month the relevant currency exposure of the fund. Currency exposure of any emerging markets will not be hedged.

Fund facts

Fund size£3,575.3m
Base currencyGBP
DomicileUnited Kingdom
Share class launch09/04/09
As at 31 Dec 2023

Benchmark

Composite of 30/70 distribution between UK and overseas, 75% GBP Hedged

Performance

Source: LGIM. Performance is reported in GBP based on weekly mid-market prices before the deduction of fees.
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:09 Apr 2009
Benchmark:Composite of 30/70 distribution between UK and overseas, 75% GBP Hedged
Share class launch date:09 Apr 2009
Benchmark:Composite of 30/70 distribution between UK and overseas, 75% GBP Hedged
    Share class launch date:09 Apr 2009
    Benchmark:Composite of 30/70 distribution between UK and overseas, 75% GBP Hedged

    Portfolio breakdown

    As at 31 Dec 2023

    Top 10 holdings17.8%
    Rest of portfolio82.2%

    Top 10 holdings (%)

    Apple3.1
    Microsoft3.0
    Shell2.2
    AstraZeneca2.0
    HSBC Holdings1.6
    Amazon.com1.5
    Nvidia1.3
    Unilever1.2
    BP 1.0
    Alphabet A0.9

    Sector (%)

    Technology
    18.7
    Financials
    17.0
    Consumer Discretionary
    13.5
    Industrials
    12.7
    Health Care
    10.9
    Consumer Staples
    8.0
    Energy
    6.4
    Basic Materials
    4.7
    Utilities
    3.1
    Other
    5.1

    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.