Invesco STOXX Europe 600 Optimised Financial Services UCITS ETF (SC02.DE)

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This Invesco ETF (Exchange Traded Fund) seeks to replicate the total net return performance of its benchmark, the STOXX Europe 600 Optimised Financial Services Index, after accounting for fees. The underlying Reference Index offers investors an efficient and liquid way to track financial services companies within the wider STOXX Europe 600, suitable for both long and short-term investment strategies. This index spans firms 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 objective, the fund invests primarily in a diversified portfolio of equities, which typically contributes most of its returns, though these holdings may not perfectly match the Reference Index's components. To ensure closer alignment with the index, the fund also utilizes unfunded swap contracts. These agreements with approved counterparties involve exchanging the difference between the returns generated by the equity basket and the Reference Index's performance. This approach aims to deliver more accurate and consistent tracking relative to the Reference Index than would be achievable through physical replication alone. This ETF is passively managed, meaning an investment represents acquiring units in an index-tracking fund, rather than direct ownership of the underlying securities held within the fund.