ETFs

ETF (UCITS compliant)

L&G MSCI Europe Select UCITS ETF

This ETF seeks to provide low carbon emission exposure.

ISINIE00BKLTRN76

TER0.10%

Fund aim

The L&G MSCI Europe Select UCITS ETF (the “Fund”) aims to track the performance of the MSCI Global Select 500 – Europe Subset (the “Index”).

Fund snapshot

  • The L&G MSCI Europe Select UCITS ETF aims to provide reduced greenhouse gas emissions exposure to equity markets in Europe.
  • Does it promote sustainability characteristics? The Fund promotes a range of environmental and social characteristics which are met by tracking the index. Further information on how such characteristics are met by the Fund can be found in the Supplement.

Fund facts

Fund size
Base currency EUR
Fund launch date 6 Aug 2019
Share class launch 17 Sep 2019
Domicile Ireland
Replication method Physical - optimised

Benchmark

MSCI Global Select 500 – Europe Subset

Index description

MSCI Global Select 500 – Europe Subset

The Index is designed to be a benchmark for European equities and measures the performance of publicly traded companies from various European countries which satisfy minimum criteria relating to liquidity and size.

The Index includes an optimisation process to:

  • Reduce the weighted average greenhouse gas emissions (Scope 1 and 2) intensity relative to a company's enterprise value including cash by 6% on an annualized basis;
  • Increase the weight in companies with one or more greenhouse gas emissions reduction targets approved by Science Based Targets initiative (SBTi) by 20%.

The Index also excludes companies based on the criteria outlined in the Index provider’s methodology available on the MSCI Website:

MSCI Global Select 500 Index and Sub-Indexes Methodology.

Index data

ProviderMSCI Inc.
Bloomberg codeNE757106
Reuters code.NE757106
TypeNet Total Return
WebsiteGo to website

Performance

Performance for the EUR Accumulating unit class in EUR, launched on 17 September 2019. Source: Lipper. Performance assumes all ETF charges have been taken and that all income generated by the investments, after deduction of tax, remains in the ETF.
Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.
Share class launch date: 17 Sep 2019
Benchmark: MSCI Global Select 500 – Europe Subset
Share class launch date: 17 Sep 2019
Benchmark: MSCI Global Select 500 – Europe Subset

Performance scenarios

The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.
What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product with input from the over the last 10 years. Markets could develop very differently in the future.

Example investment: 10,000 EUR

Data for the selected period isn't currently available

Portfolio breakdown

Top 10 constituents23.5%
Rest of Index76.5%
Number of constituents in Index107

Top 10 constituents (%)

ASML5.4
HSBC Holdings2.6
Roche2.4
Novartis2.2
AstraZeneca1.9
Siemens1.9
SAP1.9
Nestle1.9
Santander1.7
Schneider Electric1.7

Sector (%)

Financials
22.7
Industrials
20.3
Health Care
12.2
Information Technology
9.3
Consumer Staples
8.4
Utilities
6.6
Consumer Discretionary
6.3
Energy
5.9
Communication Services
4.5
Materials
3.7

All data source LGIM unless otherwise stated. Totals may not sum to 100% due to rounding. The breakdowns shown relate to the Index. The ETF’s portfolio may deviate from the portfolio of the Index.

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Fund managers

L&G Index Fund Management Team headshot

L&G Index Fund Management Team

The skill set and expertise we have developed over 35+ years in index management has allowed us to continuously evolve our investment processes. The Index Fund Management team comprises 30 fund managers with an average experience of 15 years, supported by 33 broader team members. Management oversight is provided by Dave Barron, Global Head of Index, ETFs & Systematic Solutions. The team also has full access to the resources and research of other specialists within L&G, including economists and strategists.

SFDR categorisation

Environmental characteristics
Social characteristics

The Fund promotes the above-mentioned characteristics by tracking MSCI Global Select 500 – Europe Subset Index (the “Index”), which is a designated reference benchmark for the purpose of attaining the environmental and social characteristics promoted by the Fund. Whilst environmental and social characteristics are promoted through the application of the ESG investment strategy set out below, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.

Literature

Prices

Pricing information

Price time16:00 EST (NY)
CurrencyEUR
Monthly price history

Download full price history

Listings and codes

Listings

ExchangeCurrencyTickerISINBloombergWKNReutersListing dateTrading hours (local)
London Stock Exchange
EURRIEUIE00BKLTRN76RIEU LNA2PRHBRIEU.L17/09/201908:00 - 16:30
London Stock Exchange
GBPRIEGIE00BKLTRN76RIEG LNA2PRHBRIEG.L17/09/201908:00 - 16:30
Borsa Italiana
EURRIEUIE00BKLTRN76RIEU IMA2PRHBRIEU.MI19/11/201909:00 - 17:30
Deutsche Börse Xetra
EURDELFIE00BKLTRN76DELF GYA2PRHBRIEU.DE27/01/202009:00 - 17:30
SIX Swiss Exchange
CHFRIEUIE00BKLTRN76RIEU SWA2PRHBRIEU.SW15/08/202309:00 - 17:30

Share class codes

ISINIE00BKLTRN76
SEDOLBKLTRN7
BloombergRIEU
WKNA2PRHB

Dealing information

IssuerLegal & General UCITS ETF Plc
Depositary and TrusteeThe Bank of New York Mellon SA/NV, Dublin Branch
Securities regulatorCentral Bank of Ireland

Country registration

This share class is registered for sale in the following countries:

Austria
Denmark
Finland
France
Germany
Ireland
Italy
Luxembourg
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
United Kingdom