Equity

iShares Europe Equity Index Fund (LU)

  • NAV as of 22/Nov/2024 EUR 240.07
    52 WK: 210.20 - 248.51
  • 1 Day NAV Change as of 22/Nov/2024 3.85 (1.63%)
  • Morningstar Rating

Overview

Investment Approach


The Fund aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the MSCI Europe Index, the Fund’s benchmark index.

The Fund is passively managed and aims to invest as far as possible and practicable in the equity securities (e.g. shares) that make up the Index.

The benchmark index measures the performance of equity securities issued by large and mid capitalisation companies across developed markets in Europe and is a free float-adjusted market capitalisation weighted index. Free float-adjusted means that only shares readily available in the market rather than all of a company’s issued shares are used in calculating the benchmark index. Market capitalisation is the share price of the company multiplied by the number of shares issued.

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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Performance

Performance

Chart

View full chart
Source: For UK-domiciled funds (such as the BlackRock Retail Authorised Unit Trusts and BlackRock Collective Investment Funds 'BCIF'), performance is shown on a bid to bid price basis, with net income reinvested, in the currency indicated on the chart. Performance is shown net of fees. For Luxembourg-domiciled funds (such as BlackRock Global Funds 'BGF' and BlackRock Strategic Funds 'BSF'), performance is shown on a net asset value basis, with gross income reinvested, in the currency indicated in the chart. Performance is shown net of fees. Past performance is not a guide to future performance.

This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 7.0 9.1 2.0 11.0 -10.4 26.0 -3.4 25.3 -9.0 15.5
Benchmark (%) 6.8 8.4 2.4 10.5 -10.7 26.1 -3.4 25.1 -9.1 15.3

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  From
30-Sept-2019
To
30-Sept-2020 		From
30-Sept-2020
To
30-Sept-2021 		From
30-Sept-2021
To
30-Sept-2022 		From
30-Sept-2022
To
30-Sept-2023 		From
30-Sept-2023
To
30-Sept-2024
Total Return (%)

as of 30/Sept/2024

-7.31 28.17 -11.07 20.32 18.11
Benchmark (%)

as of 30/Sept/2024

-7.26 28.06 -11.23 20.27 18.15
  1y 3y 5y 10y Incept.
Total Return (%) 18.69 5.25 7.42 6.83 7.61
Benchmark (%) 18.72 5.20 7.38 6.71 7.53
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 7.57 -3.72 -2.26 0.66 18.69 16.60 43.06 93.57 137.53
Benchmark (%) 7.55 -3.72 -2.21 0.56 18.72 16.41 42.75 91.53 135.47

The figures shown relate to past performance. 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

Share Class and Benchmark performance displayed in EUR, hedged share class benchmark performance is displayed in EUR.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets of Fund
as of 22/Nov/2024
EUR 280,431,889
Fund Launch Date
23/Oct/2012
Fund Base Currency
EUR
Benchmark Index
MSCI Europe Index (custom) (EUR)
Initial Charge
5.00%
Management Fee
0.15%
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGIEED2
Share Class launch date
16/Jan/2013
Share Class Currency
EUR
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
0.25%
ISIN
LU0836514744
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Europe Large-Cap Blend Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
B7K5J06

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2024
414
3y Beta
as of 31/Oct/2024
0.998
P/B Ratio
as of 31/Oct/2024
2.07
Standard Deviation (3y)
as of 31/Oct/2024
13.55%
P/E Ratio
as of 31/Oct/2024
15.21

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for iShares Europe Equity Index Fund (LU), Class D2, as of 31/Oct/2024 rated against 1817 Europe Large-Cap Blend Equity Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 30/Sept/2024)
Analyst-Driven % as of 30/Sept/2024
100.00
Data Coverage % as of 30/Sept/2024
100.00

Holdings

Holdings

as of 31/Oct/2024
Name Weight (%)
NOVO NORDISK CLASS B 3.32
ASML HOLDING NV 2.50
NESTLE SA 2.29
SAP 2.26
ASTRAZENECA PLC 2.04
Name Weight (%)
ROCHE HOLDING PAR AG 2.02
NOVARTIS AG 1.98
SHELL PLC 1.94
LVMH 1.69
HSBC HOLDINGS PLC 1.57
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class D2 EUR None 240.07 3.85 1.63 22/Nov/2024 248.51 210.20 LU0836514744
Class N7 USD Semi-Annual 195.11 0.73 0.38 22/Nov/2024 220.98 183.53 LU0960941838
Class D2 USD None 138.06 0.52 0.38 22/Nov/2024 153.62 126.51 LU1722863724
Class N2 EUR None 257.55 4.14 1.63 22/Nov/2024 266.59 225.49 LU0836514157
Class A2 EUR None 247.09 3.96 1.63 22/Nov/2024 255.89 216.98 LU0836512706
Class X2 EUR None 262.10 4.20 1.63 22/Nov/2024 271.25 229.08 LU0826446790
Class F2 EUR None 256.42 4.11 1.63 22/Nov/2024 265.43 224.51 LU0836515550
Class X2 USD None 171.04 0.64 0.38 22/Nov/2024 190.27 156.38 LU1394265414
Class N7 EUR Semi-Annual 184.61 2.96 1.63 22/Nov/2024 194.50 165.92 LU0852473106

Portfolio Managers

Portfolio Managers

Dharma Laloobhai
Dharma Laloobhai

Literature

Literature