Motilal Oswal Asset Management Company (MOAMC) has launched Motilal Oswal MSCI EAFE Top 100 Select Index Fund. The NFO opens for subscription on November 15, 2021, and closes on November 25, 2021.
This fund provides investors exposure to the top 10 countries (“EAFE10”) based on their weight in MSCI EAFE (Europe, Australia & Far East) Index. MSCI EAFE Index is designed to represent the performance of 21 developed markets across Europe, Australia, and Far East excluding the U.S. and Canada.
MSCI EAFE Top 100 Select Index is curated out of parent index and is the underlying of this fund. The Fund has selected 100 companies out of EAFE 10 universe based on adjusted market capitalization. MSCI EAFE Top 100 Select Index has a maximum of 10 countries and 100 constituents. The top 10 constituents account for 25.8% of the total, with the greatest constituent accounting for 4.1%. The fund will be rebalanced quarterly with cap on Country Weight at 40%.
Motilal Oswal MSCI EAFE Top 100 Select Index Fund is the only fund that is a culmination of investing into the 10 most innovative economies around the world (Switzerland, Germany, Sweden, Netherlands, Japan, France, U.K., Australia, Spain and Hong Kong). The fund's most heavily weighted countries are U.K. (20.4%), Japan (19%), France (15.2%), Switzerland (14.7%) and Germany (11.2%).
It invests in 10 sectors with Financials, Health Care, Consumer Discretionary, Consumer Staples, Industrials, and Information Technology accounting for 83% of the fund's sectoral exposure.
