Description

The Invesco MSCI Kuwait UCITS ETF aims to provide the performance of the MSCI Kuwait 20/35 Index (the "Reference Index"), less the impact of fees.The Reference Index is designed to measure equity market performance across the Kuwait market. It captures large and mid cap representation in Kuwait and covers approximately 85% of the free float-adjusted market capitalisation.The fund aims to achieve its objective by holding a basket of equities, which typically delivers most of the fund’s return but ordinarily would not be the same as those in the reference index. The fund will also use unfunded swaps, which are contracts whereby one or more approved counterparties agrees to exchange with the fund any difference between the returns of the index and the basket of equities held. The aim is to achieve a closer and more consistent performance relative to the index than would generally be possible through physical replication alone. 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.