Description

The Invesco MSCI Europe Ex UK Universal Screened UCITS ETF seeks to replicate the performance of the MSCI Europe ex UK Universal Select Business Screens Index (referred to as the "Reference Index"), after accounting for all fees. This benchmark measures the performance of large and mid-capitalisation companies throughout developed European markets, specifically excluding the United Kingdom. Its investment strategy is designed to boost exposure to businesses that not only demonstrate strong environmental, social, and governance (ESG) practices but also show a clear positive trend in enhancing those profiles. The Reference Index is constructed from the broader MSCI Europe ex UK Index by systematically removing companies that: 1. Have not undergone an ESG assessment or rating by MSCI. 2. Have been involved in very serious ESG-related controversies within the last three years. 3. Hold the lowest possible MSCI ESG Rating, which is 'CCC'. 4. Are active in controversial industries such as controversial weapons (including conventional, nuclear, and civilian firearms), oil sands, thermal coal, tobacco, or recreational cannabis. After this initial screening, every eligible company receives a combined ESG score. This score reflects MSCI’s evaluation of both the company's current ESG rating and the observable improvement or change in that rating over time. This integrated ESG score then determines the weighting of each qualifying security within the Reference Index. The index's composition is reviewed and adjusted twice a year. This ETF is passively managed; therefore, an investment in this fund represents the acquisition of units in an index-tracking vehicle, rather than direct ownership of the underlying assets held by the fund.