Description

The Invesco STOXX Europe 600 Optimised Personal & Household Goods UCITS ETF Acc aims to mirror the net total return of the STOXX Europe 600 Optimised Personal & Household Goods Index (referred to as the "Reference Index"), after factoring in all associated charges. The Reference Index provides investors with an effective mechanism to monitor companies within the larger STOXX Europe 600 Personal & Household Goods Index that offer enhanced liquidity for both purchasing and selling positions. Its scope encompasses businesses across 17 European countries, including Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, and the United Kingdom. To achieve its goal, the fund primarily holds a collection of equities, which usually accounts for the majority of its returns, though this portfolio typically differs from the exact composition of the Reference Index. To bridge this gap, the fund also employs unfunded swap contracts. These agreements, made with authorized counterparties, facilitate the exchange of any disparity between the performance of the Reference Index and the fund's equity holdings. This method is designed to deliver a more precise and steady alignment with the Reference Index's performance than would be attainable through physical asset replication alone. This Exchange Traded Fund is managed passively. Investing in this fund means acquiring units in a passively managed, index-tracking product, rather than gaining direct ownership of the underlying assets it holds.