Nowhere is the concept of globalisation more apparent than in financial services. Banks and insurers really are getting bigger, as takeovers and mergers produce larger, yet more efficient and profitable firms.
Financial services is one of the most important sectors in the modern economy.
Technology is having a major effect, giving plenty of exciting investment opportunities among those companies that will emerge with greater market share. The Financial Services sector fund aims to provide long-term capital growth, mainly through investment in companies worldwide that are involved in providing financial services to consumers and industry. The fund's benchmark is the FTSE Global Financials Modified Cap Weighting. The fund aims to achieve growth through investment in the main sub-groups of the worldwide financial services sector, including banking and insurance. The fund will keep close to its benchmark index in geographical breakdown, but is likely to differ in exposure to industry sub-sectors.