The fund is an index tracking fund (also known as a passively managed fund). The objective of the fund is to track the performance of European large and mid-sized companies in the Industrials sector. The fund seeks to track the performance of the MSCI Europe Industrials 35/20 Capped Index (the Index) as closely as possible. The fund invests primarily in securities included in the Index. These securities include equity securities issued by large and mid-sized companies from European countries, classified in the Industrials sector as per the Global Industry Classification Standard (GICS).
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