Invesco MSCI World Universal Screened UCITS ETF (ESGW.L)

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This Invesco ETF, known as the MSCI World Universal Screened UCITS ETF Acc, seeks to mirror the total return, net of expenses, of its benchmark, the MSCI World Universal Select Business Screens Index. The benchmark index itself monitors the performance of large and medium-sized companies across global developed economies. Its strategy involves adjusting the market-capitalization weightings of its holdings using specific Environmental, Social, and Governance (ESG) criteria. This method is designed to enhance the fund's allocation towards companies that not only exhibit strong current ESG credentials but also show a clear trajectory of improvement in their ESG performance. This index is built upon the broader MSCI World Index, but it meticulously screens out certain securities. Specifically, it excludes companies that: 1. Lack an ESG assessment or rating from MSCI. 2. Have been embroiled in highly serious ESG-related controversies within the past three years. 3. Possess a 'CCC' MSCI ESG Rating. 4. Participate in industries such as controversial, conventional, or nuclear weapons, civilian firearms, oil sands, thermal coal, tobacco, or recreational cannabis. Following these exclusions, each remaining eligible company receives a comprehensive ESG score. This score incorporates both MSCI's current evaluation of the company's ESG standing and the historical trend of its ESG rating. This composite ESG score is subsequently used to adjust the weightings of these qualified securities within the index. To meet its investment objective, the fund primarily employs a physical replication strategy, endeavoring to acquire and hold, where feasible, all the constituent securities of the Reference Index at their designated proportions. The fund's holdings are adjusted in sync with any modifications to the Reference Index, which undergoes its own review and rebalancing twice a year. This ETF operates as a passively managed, index-tracking vehicle. Investors should note that purchasing units in this fund constitutes an acquisition of shares in the fund itself, rather than direct ownership of the underlying assets it holds. Further information on MSCI ESG Ratings is available via their website.