Industry description
The investment seeks to provide investment results that, before fees and expenses, track the performance of the MSCI World Index.
Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities included in the MSCI World Index (the "index") and other instruments with economic characteristics similar to such securities. The index is designed to measure the performance of equity securities in the large and mid-capitalization segments of developed market countries.