Invesco lists one ETF ESG on LSE

Invesco launches the Invesco MSCI USA ESG Universal Screened UCITS ETF GBP Hdg Acc on London Stock Exchange

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By ETFWorld.co.uk

The Invesco MSCI USA ESG Universal Screened UCITS ETF GBP Hdg Acc aims to provide the net total return performance of the MSCI USA ESG Universal Select Business Screens Index, less the impact of fees.To minimise exposure to fluctuations in the exchange rate between USD and GBP, the GBP Hedged share class enters into foreign exchange transactions.

The Reference Index tracks the performance of large and mid-capitalisation companies in the USA and aims to represent the performance of an investment strategy that, by adjusting the constituents’ free-float market capitalisation weights based upon certain environmental, social and governance metrics, seeks to increase overall exposure to those companies demonstrating both a robust ESG profile as well as a positive trend in improving that profile.

The Reference Index is constructed from the MSCI USA Index by excluding securities that:

1) have not been assessed or rated by MSCI on the basis of their ESG credentials;

2) have faced very severe controversies pertaining to ESG issues over the last three years; or

3) have a MSCI ESG Rating of CCC; or

4) are involved in controversial weapons, conventional weapons, nuclear weapons, civilian firearms, oil sands, thermal coal, tobacco or recreational cannabis. Each of the eligible component securities is then assigned a combined ESG score, which reflects MSCI’s assessment of both the security’s current ESG rating, as well as the trend in that rating, defined as the change in the security’s ESG rating over time. This combined ESG score is then applied to re-weight the eligible securities in the Reference Index.

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 is rebalanced in line with changes to the Reference Index, which is reviewed and rebalanced on a semi-annual basis.

This ETF is passively managed.

First trading day: 25.01.2022

Below is the Tables with the relevant data:

Source: ETFWorld.co.uk