New Ireland European Equity

Pension European Fund (3) invests in the State Street Europe Value Spotlight Fund, which in turn invests in equities from the European region only. The fund aims to generate long-term capital growth. Its portfolio includes companies such as AstraZeneca, BNP Paribas, Nestle and Roche.

Pension European Fund (3) is focused on European equities, but its geographic allocation can also include small amounts of other regions such as North America. That means it is mainly exposed to European stock markets, while some holdings may sit outside the region. The fund is therefore not a global equity fund.

Pension European Fund (3) is described as a high-risk fund and is recommended for investors with a medium- to long-term horizon of at least 5-7 years. It may suit investors who want equity exposure to Europe and are comfortable with larger ups and downs in value. High risk means the fund’s value can move sharply over short periods.

Pension European Fund (3) uses an active investment style through the State Street Europe Value Spotlight Fund. Active management means the manager selects investments rather than simply tracking an index. This can lead to a portfolio that differs meaningfully from the wider European market.

Pension European Fund (3) carries high risk, and its key named risk is sustainability risk. Sustainability risk means environmental, social or governance issues could affect the value of the underlying companies and, in turn, the fund. Because it invests in equities, its value can also rise and fall with share prices.