Description

The Invesco STOXX Europe 600 Optimised Food & Beverage UCITS ETF Acc aims to mirror the net total return of its benchmark, the STOXX Europe 600 Optimised Food & Beverage Index, after deducting expenses. This particular index provides investors with a highly liquid avenue to track food and beverage sector companies listed on the STOXX Europe 600, accommodating both long and short positions. Its composition includes businesses from seventeen European countries: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, and the United Kingdom. The fund pursues its objective by investing in a portfolio of equities, which, while typically differing from the index’s exact holdings, generate the majority of its returns. Additionally, it employs unfunded swap agreements with pre-approved financial institutions. These contracts facilitate the exchange of performance differences between the fund's internal equity basket and the Reference Index, thereby striving for a more precise and consistent correlation with the index's returns than a solely direct investment approach would allow. This ETF is managed passively, meaning an investment constitutes the purchase of units in an index-tracking fund, not direct ownership of its underlying assets.