Description

The Invesco MSCI Europe Universal Screened UCITS ETF Acc aims to closely match the total return performance of the MSCI Europe Universal Select Business Screens Index, net of fees. This benchmark index focuses on large and mid-capitalisation European companies, seeking to increase exposure to those demonstrating both strong current environmental, social, and governance (ESG) profiles and a positive trend in improving these profiles. It achieves this by adjusting constituent free-float market capitalisation weights based on specific ESG criteria. The Reference Index is constructed by first screening out companies from the broader MSCI Europe Index that: 1. Lack an ESG assessment or rating from MSCI. 2. Have been implicated in significant ESG controversies over the past three years. 3. Hold an MSCI ESG Rating of 'CCC'. 4. Are involved in controversial weapons, conventional weapons, nuclear weapons, civilian firearms, oil sands, thermal coal, tobacco, or recreational cannabis. Eligible securities then receive a composite ESG score, which reflects MSCI’s evaluation of their current ESG standing alongside the trajectory of that rating over time. This combined score is subsequently used to re-weight these eligible securities within the Reference Index. The fund endeavors to fulfill its objective by acquiring and holding, as far as practically possible, all the securities of the Reference Index in their respective proportions. It undergoes rebalancing in alignment with adjustments to the Reference Index, which is reviewed and updated semi-annually. This ETF operates as a passively managed, index-tracking investment vehicle, meaning an investment constitutes ownership of fund units rather than direct holdings in the underlying assets.