Description

The Invesco Euro Cash 3 Months UCITS ETF Acc endeavors to match the overall return of the FTSE Eurozone Government Bill 0-6 Month Capped Index, after deducting management charges. This benchmark primarily comprises actively traded sovereign bills from Eurozone nations. However, the weighting of each bill within the index accounts for the full market size of that country's bills on the MTS Platform – including those not actively quoted – provided they fall within the designated maturity period. The broader FTSE Government Bill Indices are designed to measure the comprehensive return generated by sovereign bills issued by Eurozone countries and listed on the MTS bond platform. For the specific 0-6 month maturity segment, individual issuers are weighted by their market capitalization, with a maximum cap of 34.5%. Interest payments (coupons) received from any bond held in the index portfolio are immediately reinvested into the index overnight, free from withholding tax deductions. Valuation of the Reference Index is based on real-time quotes from the MTS inter-dealer platform, and it undergoes rebalancing weekly. The fund's managers utilize sophisticated portfolio modeling tools to select and hold a representative subset of the index's securities, aiming to capture the entire index's characteristics. This 'sampling' strategy seeks to mirror the index's performance as closely as possible, while also reducing the operational costs typically associated with full replication. This ETF is managed passively. Investing in this fund means acquiring units in a passively managed, index-tracking vehicle, rather than directly owning the underlying assets held by the fund.