DUBLIN - Invesco Markets III plc has announced an update to the index methodology of its Invesco Global Buyback Achievers UCITS ETF (Exchange Traded Fund), which will take effect before the market opens on February 3, 2025. The change follows a consultation period by the Index provider in December 2024 and will see the Nasdaq Global Buyback Achievers Index, which the ETF tracks, transition from an annual to a semi-annual reconstitution schedule for both of its index sleeves.
The ETF, which trades under the ISIN IE00BLSNMW37, will retain its current investment policy and strategy, as well as its characteristics and risk and return profile, despite the modification to the index methodology. This update is part of the fund’s ongoing adjustments to align with market practices and the Index provider’s standards.
Following the implementation of the new index methodology, the Prospectus for the Fund will be amended to reflect the change. Shareholders will be able to obtain the revised Prospectus free of charge. In the interim, investors who wish to redeem their shareholding as a result of the change may do so in accordance with the dealing provisions outlined in the existing Prospectus.
The announcement, made by Director Deirdre Gormley on behalf of Invesco Markets III plc, underscores the company’s commitment to keeping shareholders informed of significant changes that may affect their investments. Invesco Markets III plc is regulated by the Central Bank of Ireland and offers a range of investment solutions, including this ETF which aims to provide investors with exposure to companies that are actively engaged in share buybacks.
The notice to shareholders is based on a press release statement from Invesco Markets III plc and is intended to provide factual information regarding the changes to the Fund’s index methodology.
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