Smartshares Europe ETF Analysis

Overview

The Europe Fund is a unit trust, as defined in the Units Trust Act 1960. The beneficial interest in the Fund is divided into units with each unit representing an equal interest in the assets of the Fund, but not conferring any interest in any specific asset of the Fund.

The Europe Fund's investment objective is to provide a return (before tax, fees and other expenses) that closely matches the return on the Vanguard FTSE Europe ETF (which, in turn, looks to provide a return that closely matches the return on the FTSE Developed Europe All Cap Index). The FTSE Developed Europe All Cap Index is made up of financial products of large, mid and small cap companies located in European countries.

EUF has been granted Listing with a 'Non-Standard' ("NS") designation. This designation was granted due to provisions in EUF's Trust Deed which allow the fund manager to take steps to ensure statutory limits on the size of an investor's holdings. For further information, please see a copy of the waiver under Documents on EUF's homepage on nzx.com.

Performance

No performance was provided by the company.