Overview
ISIN | LU1345292533 |
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Share Class | Accumulation |
Ongoing Charge | - |
Annual Management Charge | - |
The sub-fund’s main objective is to achieve a consistent outperformance, relative to its benchmark, the TASE-BlueStar Israel Global Technology Index, by selecting stocks within IT-Security sector based on quantitative models. The strategy will then overweight those stocks within a large and diversified basket of global IT security stocks (actively managed). Investment policy The sub-fund aims to maximize the increase in value of the portfolio with agile response to the Israel, London and US markets within the IT security sector. In order to achieve its investment objective, the sub-fund will mainly invest in equities that are members of the BGTH Index and will overweight the equities related to the IT security sector within a portfolio of global technology stocks in accordance with the “General Investment Restrictions” of the prospectus. The sub-fund will invest (up to 100% of its net assets) in equities mainly listed on the US, London and Israel markets. The sub-fund may use financial derivative instruments for hedging and investment purposes. Investment in non-reference currency financial instruments is allowed provided by the fact that currency exposure is hedged. There is however, no guarantee or assurance that such coverage will be effective. The sub-fund may also invest up to 100% of its net assets in liquid instruments, such as cash deposits, money market UCITS. The sub-fund is actively managed. While the sub-fund compares its performance against the TASE-BlueStar Israel Global Technology Index, it does not try to replicate this benchmark and freely selects the securities that it invests in. The deviation with this benchmark can be significant. The reference currency of the sub-fund is expressed in EUR. The currency of the share class is expressed in USD. The investor has the right to redeem his shares on demand. The dealing in shares is carried out on each complete bank business day in Luxembourg. The attention of the investor is drawn to the fact that in exceptional circumstances, the possibility for the investor to request the redemption of his shares may be limited or suspended. These shares are capitalisation shares. Income and capital gains are reinvested. Recommendation This fund may not be appropriate for investors who plan to withdraw their money within 4 - 5 years.
Midprice | $185.55 |
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Change on Day | $2.29 |
Change on Day % | 1.25% |
52 week high | $210.32 |
52 week low | $157.08 |
Fund currency | USD |
Date updated | 02 April 2025 |
Fund Type | SICAV |
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Unit Type | Accumulation |
Standard initial Charge | - |
Annual Management Charge | - |
Dividend Frequency | - |
Latest Distribution Info |
- |
Fund Manager Company | Migdal |
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