Invesco MSCI ACWI Islamic M-Series UCITS ETF AccIndex, costs, backtest, listings and taxation

One email when new issuers, new metrics and new articles land. Double opt-in, zero spam, one-click unsubscribe.

Investment objective: The objective of the Fund is to provide exposure to the performance of large and midcapitalisation companies, that pass screens for adherence to Shari’ah investment principles, from global developed and emerging markets. Investment approach: The Fund is a passively managed ETF. To achieve the investment objective the Fund will seek to replicate the net total return performance of the MSCI ACWI Islamic M-Series Index (the "Index"), less fees, expenses and transaction costs. The Fund will employ sampling techniques to select securities in the Index which may include but are not limited to country weights, industry sectors and liquidity. The use of the sampling approach will result in the Fund holding a smaller number of securities than are in the underlying Index. In the unlikely event that a security ceases to meet Shari’ah investment principles, the Investment Manager will disinvest at the next relevant rebalance in line with the Index, having due regard to the best interest of the shareholder, and subject to liquidity, regulatory and other factors. The Fund may use derivative instruments for the purposes of managing risk, reducing costs, generating additional capital or income. The Fund’s base currency is USD.

Keep reading the KID section ▾

Redemption and Dealing of Shares:The Fund's shares are listed on one or more Stock Exchange(s). Investors can buy or sell shares daily through an intermediary directly or on Stock Exchange(s) on which the shares are traded. In exceptional circumstances investors will be permitted to redeem their shares directly from the Umbrella Fund in accordance with the redemption procedures set out in the prospectus, subject to any applicable laws and relevant charges.

Intended Retail InvestorThe Fund is intended for informed investors aiming for long term capital growth, who have specific knowledge or experience of investing in similar products and financial markets, have a risk appetite and an investment horizon consistent with the risk indicator displayed below and understand that there is no capital guarantee or protection (100% of capital is at risk). Practical Information Fund Depositary: The Bank of New York Mellon SA/NV, Dublin Branch, Riverside Two, Sir John Rogerson’s Quay, Grand Canal Dock, Dublin 2, D02 KV60, Ireland. Find out more: This document is specific to the Fund. Further information about the Fund can be obtained from the supplement, the prospectus, annual and interim reports. The prospectus, annual and interim reports are prepared for the Umbrella Fund, of which the Fund is a sub-fund. These documents are available free of charge in English. They can be obtained along with other information, such as share prices, at https://etf.invesco.com (select your country and navigate to the Documents section on the product page), or by calling +353 1 439 8000. The assets of the Fund are segregated as a matter of Irish law and as such, in Ireland, the assets of one sub-fund will not be available to satisfy the liabilities of another sub-fund. This position may be considered differently by the courts in jurisdictions outside of Ireland. Subject to satisfying certain criteria as set out in the prospectus, investors may be able to exchange their investment in the Fund for shares in another sub-fund of the Umbrella which is being offered at that time. The Index: The Index is designed to reflect the performance of large and mid-cap securities that pass screens for adherence to Shari'ah investment guidelines from both developed and emerging market countries. Performance of the Index does not reflect non-permissible income received from underlying securities. The Index is constructed from the MSCI ACWI Index (the "Parent Index") by first removing companies that are involved in prohibited business activities according to Shari'ah investment principles. Financial ratio screens are then applied to the remaining eligible securities to ensure compliance with Shari'ah investment principles. Business activity involvement, thresholds and financial ratio screening criteria are defined by the Index provider. Further information in relation to any thresholds and screening criteria can be obtained from the Index provider’s website. The Index employs a float-adjusted market capitalisation weighting scheme of remaining securities. The Index is rebalanced on a quarterly basis. This document provides a summary of the principal features of the Index, the