Mutual Funds & ETFs

BelgianEquityexposure reflects the listed companies eligible for the benchmark, rather than an equal allocation to every domestic industry. Healthcare and consumer staples businesses have differentEarningsdrivers from banks and other financial companies. Their relative weights therefore influence how the portfolio responds to product demand, pricing …

Brazil's listedEquityuniverse brings together businesses linked to domestic financing conditions and resource markets. Financial companies depend on lending andCreditquality, while energy and materials businesses face different product price andDemandinfluences. Their combined presence gives the portfolio several distinct economic sensitivities. The country allocation also carries …

The small cap mandate reaches a different part of Brazil's listed market from a portfolio focused on larger businesses. Smaller companies can depend more heavily on particular products, customers or funding relationships. Their industry distribution also differs from the broader country universe. The size …

The mandate groups Brazil, India and China within a singleEquityallocation. These economies have different industry structures, currencies and policy settings, so their presence does not imply a uniform economic exposure. The country weights determine which market has the greatest influence at a given time. …

A ChileanEquityportfolio reflects the companies available in its benchmark universe. The resulting exposure can combine financial activity, materials businesses and utilities, each with differentEarningsdrivers. Resource prices and local financing conditions can therefore influence different parts of the fund simultaneously. InternationalRevenuesources also mean that the …

The mandate covers Chinese equities available to international investors, creating a country allocation whose practical scope depends on eligible securities and access rules. It is broader in concept than simply identifying oneBusinesssector. Consumer, financial and communications companies can bring different sources ofEarningsinto the fund. …

The small cap boundary creates a different China allocation from one centred on the largest companies. Smaller businesses may have more concentrated operations and less flexible financing arrangements. The portfolio's industry balance also changes the sources ofBusinessrisk represented. A substantial holdings list spreads exposure …