Pantheon International PLC/The Fund (PINl)

Overview

The given description relates to a financial investment fund that focuses primarily on investing in equity securities listed on the National Stock Exchange of India. The fund aims to closely replicate the performance of a specific underlying index, which is a modified-market capitalization-weighted index of Indian equity securities. To achieve its investment objective, the fund commits at least 90% of its total assets into the securities that are part of the underlying index. These can include both direct investments in the index securities and indirect investments through American Depository Receipts (ADRs) and Global Depository Receipts (GDRs) that represent the index securities. The fund is characterized as non-diversified, which implies it may invest a larger portion of its assets in a smaller number of issuers compared to diversified funds.

Products and Services

• Equity Index Investments

  This product focuses on investments in equity securities that form part of the underlying index derived from the National Stock Exchange of India. The aim is to mimic the performance of the underlying index through a well-selected portfolio that reflects the composition and weightages of the securities in the index.

• ADRs and GDRs Investments

  As part of its strategy to invest in the underlying index securities, the fund also invests in American Depository Receipts (ADRs) and Global Depository Receipts (GDRs). These are financial instruments that allow the fund to gain exposure to Indian equity securities without the necessity of direct investment in the Indian stock market. ADRs represent equity interests in non-US companies that are traded on US exchanges, while GDRs represent the shares of foreign companies, but can be traded on exchanges all over the world.