Invesco ETF launches one new MSCI Europe Equal Weight ETF on LSE

Invesco ETF Launches one new MSCI Europe Equal Weight ETF on London Stock Exchange

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Gary Buxton, Head of ETFs and Index Strategies for EMEA and APAC at Invesco

Invesco MSCI Europe Equal Weight UCITS ETF Acc

The Invesco MSCI Europe Equal Weight UCITS ETF Acc aims to provide the net total return performance of the MSCI Europe Equal Weighted Index, less the impact of fees.

The Reference Index aims to provide exposure to the performance of equally weighted large and mid-capitalisation companies in European developed markets. It represents an alternative weighting scheme to its market cap weighted parent index, the MSCI Europe Index. The Reference Index includes the same constituents as its parent index but equally weights each company at each rebalancing date, effectively removing the influence of each constituent’s current price (high or low).

The fund aims to achieve its objective by buying and holding, as far as possible and practical, all the securities in the Reference Index in their respective weightings. The fund will aim to rebalance its holdings whenever the Reference Index is rebalanced.

This ETF is passively managed.

Source: ETFWorld.co.uk