Bank of Ireland Life European Ex UK

European (ex UK) (Series 3) invests in the State Street Europe Value Spotlight Fund, which holds equities from the European region only. The underlying fund is managed by State Street Investment Management and aims to generate long-term capital growth. In practice, that means it is focused on shares of European companies rather than bonds or cash.

European (ex UK) (Series 3) is intended for medium to long-term investors, with a suggested horizon of at least 5 to 7 years. The fund notes that this helps reduce the impact of short-term volatility, which means share prices can rise and fall quite a bit over shorter periods. Even over longer periods, the value can still fluctuate.

European (ex UK) (Series 3) is exposed to a portfolio of European equities with a value-focused tilt. Its top holdings include Astrazeneca, BNP Paribas, Cnh Industrial, Deutsche Boerse, Glanbia, Nestle, Rio Tinto, Roche, Totalenergies and Volvo. These holdings show that the fund is spread across different sectors and countries within Europe.

European (ex UK) (Series 3) carries the usual risks of investing in shares, including the possibility that the fund value will fall as well as rise. The factsheet also highlights sustainability risks, meaning environmental, social or governance issues could affect some investments and their returns. The fund may also use securities lending, which can increase risk while aiming to add extra return.

European (ex UK) (Series 3) is described as investing in equities from the European region only, so its main focus is Europe. However, the geographic allocation list includes a small North American Equities exposure, which may reflect how the underlying holdings are classified or where some companies earn revenue. Investors should therefore expect the fund to remain predominantly European in nature.