AWAY Profile
The fund primarily allocates a minimum of 80% of its total assets, excluding collateral from securities lending, to component securities featured in the index, as well as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) derived from these securities. This index is specifically designed to monitor the performance of globally listed equity securities from companies worldwide involved in the "Travel Technology Business." This sector encompasses firms that provide technology services through the internet and internet-connected devices.
These investments are strategically aimed at capturing the growth and opportunities within the travel technology industry, which spans a wide array of activities such as online travel booking platforms, reservation systems, travel meta-search engines, and other technological solutions that facilitate travel planning and management. By focusing on companies engaged in this sector, the fund seeks to capitalize on the increasing digitalization and innovation within the global travel and tourism industry, enhancing connectivity and convenience for consumers worldwide.
The fund's approach underscores its commitment to harnessing the potential of travel technology businesses, leveraging its investments to benefit from the ongoing digital transformation and technological advancements shaping the travel industry's landscape. Through targeted exposure to companies at the forefront of travel technology innovation, the fund aims to provide investors with opportunities for capital appreciation while diversifying risk across a globally diversified portfolio of securities.
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