New Ireland World Index (Hedged)

The World Index (Hedged) S3 R invests in world equities and is designed to track the MSCI World ex Select Securities Index hedged to EUR as closely as reasonably possible over the long term. It provides broad exposure across regions including North America, Europe, Japan, the U.K. and the Pacific Basin. As a hedged share class, it aims to reduce the impact of movements between currencies and the euro, meaning currency swings should have less effect on returns than in an unhedged fund.

Yes, the World Index (Hedged) S3 R is a passive fund. It does not aim to beat the market; instead, it seeks to replicate the performance of its benchmark, the MSCI World ex Select Securities Index hedged to EUR. This makes it suitable for investors who want low-turnover exposure to global equities through an index-tracking approach.

The World Index (Hedged) S3 R tracks an index that incorporates environmental, social and governance characteristics and is classified as an Article 8, or Light Green, fund. In practice, that means it promotes environmental or social characteristics and invests in companies that follow good governance practices. It does not, however, apply the EU definition of environmentally sustainable economic activities.

The World Index (Hedged) S3 R is aimed at investors with a medium to long-term horizon of at least 5 to 7 years. It may suit someone seeking diversified exposure to global share markets while accepting that values can rise and fall over time. Because it is an equity fund, it is exposed to stock market risk, which means the investment value can move sharply when share prices fall or rise.

The World Index (Hedged) S3 R is mainly exposed to sustainability risks and the usual ups and downs of equity markets. It also uses securities lending in some circumstances, which can increase risk even though it may help generate extra return for the fund. Investors should be aware that, even over the long term, the fund’s value can fluctuate.