Description

The Invesco EURO STOXX Optimised Banks UCITS ETF Acc aims to replicate the net total return performance of the EURO STOXX Optimised Banks Index, net of its operating expenses. This benchmark index is designed to provide investors with a highly liquid tool for monitoring banking sector companies that are part of the broader EURO STOXX Banks Index, suitable for both long and short investment approaches. Its constituents are companies located within Eurozone countries. The fund pursues its objective through a dual strategy involving both direct equity holdings and financial derivatives. It maintains a diversified portfolio of equities, which typically contributes the majority of the fund's returns, although these holdings are not necessarily identical to those found in the Reference Index. Additionally, the fund utilizes unfunded swaps, which are contractual agreements with one or more approved financial counterparties. These swaps involve the exchange of any performance difference between the Reference Index and the fund's equity basket. This hybrid methodology is intended to achieve a more accurate and stable alignment with the Reference Index's performance than could be attained through physical replication alone. This ETF is categorized as passively managed. Investing in this fund means purchasing units in a passively managed, index-tracking product, rather than directly acquiring the underlying assets held by the fund.