Description

The Invesco UK Gilts UCITS ETF Acc aims to provide the total return performance of the Bloomberg Sterling Gilt Index (the "Reference Index"), less the impact of fees.The Reference Index is a flagship measure of GBP-denominated, fixed-rate, investment grade public obligations of the United Kingdom. It tracks nominal gilt issues only (inflation-linked bonds are not eligible for inclusion). The Sterling Gilt Index is a component of the Sterling Aggregate, Pan-European Aggregate, Global Aggregate and Global Treasury Indices. The fund and the Reference Index are rebalanced and reconstituted on a monthly basis.The portfolio managers aim to achieve the fund’s objective by using portfolio modelling tools and techniques to buy and hold a proportion of the index securities that represents the characteristics of the entire index. The objective of this sampling method is to replicate the index performance as closely as possible while reducing the costs that would normally be incurred with full replication.This ETF is passively managed. An investment in this fund is an acquisition of units in a passively managed, index tracking fund rather than in the underlying assets owned by the fund.