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DUBLIN - Invesco Markets II plc has announced an upcoming amendment to the index methodology for the Invesco Euro Corporate Hybrid Bond UCITS ETF. The modification, slated to take effect on June 2, 2025, will introduce a minimum credit rating requirement for securities included in the fund’s index.
The new eligibility criterion will necessitate that securities maintain a minimum credit rating of Ba2/BB/BB to be considered for inclusion in the index. This change aims to refine the investment parameters of the fund, potentially affecting the composition of its portfolio.
Investors in the fund, which operates under the ISIN codes IE00BKWD3B81 for the accumulating share class and IE00BKWD3966 for the distributing share class, are advised that they may redeem their shares if they wish to do so in response to this change. Redemptions will be processed in accordance with the dealing provisions outlined in the fund’s prospectus.
The fund’s supplement will be updated to reflect this change in due course, and shareholders can obtain the updated prospectus along with other key investor documents from the registered office of the manager or the local representatives in the countries where the company is registered.
This move by Invesco Markets II plc is part of ongoing adjustments within the fund’s management strategy and is communicated to ensure shareholders are informed of changes that may influence their investment decisions. The information for this announcement is based on a press release statement provided by RNS, the news service of the London Stock Exchange (LON:LSEG).
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