The Trustees of the Scheme, alongside their professional investment advisers, have carried out a review of the DC investment options and have decided to improve the range of investment funds available to members by introducing a new self-select fund that meets Shariah compliance principles, the Islamic Global Equity Index Fund (the “Fund”) (ISIN: IE000G1X4XT2). This Fund is now available for you to invest in.
Fund characteristics
The Fund is passively managed and invests in equity shares of companies that make up the Dow Jones Islamic Market Titans 100 Index (the “Index”). The Index is designed to measure the performance of the largest 100 companies traded globally that pass rule-based screens for adherence to Shariah principles. The Index excludes shares of companies that generate more than 5% of income or revenue from the business activities such as: alcohol, tobacco, pork-related products, conventional financial services, weapons and defences, certain entertainment.
The Total Expense Ratio (TER) for the fund is 0.30%.
Fund Investment objective
The Fund aims to track as closely as possible the performance of the Index and achieve capital growth over the long term.
Further fund information
Please see the Fund factsheet for further information; this is available on the member portal.
If you have any further questions or wish to make changes to your investments, please log on to the member portal at www.hartlinkonline.co.uk/svenska, or contact the scheme administrators, Capita at handelsbanken@capita.co.uk or on 01227 773902.
Regulated Financial Advice
This communication does not constitute financial advice. Neither the Trustees nor the Scheme administrator can provide you with financial advice or otherwise comment on the suitability of particular investments for you.
Before making any decisions about your investment options within the Scheme, you may wish to seek regulated financial advice. You can find a local adviser at the following website: www.fca.org.uk/consumers/finding-adviser.