Description

The Invesco Euro Cash 3 Months UCITS ETF Acc aims to provide the total return performance of the FTSE Eurozone Government Bill 0-6 Month Capped Index (the "Reference Index"), less the impact of fees.The Reference Index only includes actively quoted Eurozone countries sovereign bills (Selected Bills), but the weight of each bill reflects the total size of each country’s bill market as listed on the MTS Platform (whether quoted or not) and falling in the correct maturity range.The FTSE Government Bill Indices measure the total return of a portfolio of sovereign bills issued by eurozone countries and listed on the MTS bond platform. In the 0-6 months maturity bucket, each issuer within the Index is weighted by market capitalisation and capped to a maximum of 34.5%. Coupons paid out on any bond in an index portfolio are reinvested overnight in the index itself without deduction of any withholding tax. The Reference Index is priced using live quotes from the MTS inter-dealer platform and rebalanced every calendar week.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.