Product description

The Invesco JPX-Nikkei 400 UCITS ETF Acc aims to provide the net total return performance of the JPX-Nikkei 400 Index (the "Reference Index"), less the impact of fees.

The Reference Index provides broad exposure, across the large-cap, small-cap, growth and innovation segments and comprises 400 stocks of the Tokyo Stock Exchange. It focuses on companies with the potential to generate shareholder value. Developed by Nikkei and the Japan Exchange Group, the Reference Index selects stocks on the basis not only of size, but also return on equity, operating profit and corporate governance.

The fund aims to achieve its objective by holding a basket of equities, which typically delivers most of the fund’s return but ordinarily would not be the same as those in the reference index. The fund will also use unfunded swaps, which are contracts whereby one or more approved counterparties agrees to exchange with the fund any difference between the returns of the index and the basket of equities held. The aim is to achieve a closer and more consistent performance relative to the index than would generally be possible through physical replication alone.

Key information

Bloomberg ticker N400 LN
ISIN IE00BPRCH686
Benchmark BBG ticker JPNKNTR
Management fee 0.19%
Swap fee 0.05%
NAV (21 Sep 2021) ¥21,333
AUM ¥12,565,579,646
Base currency JPY
Umbrella AUM (21 Sep 2021) ¥3,364,759,653,670

ESG Profile

(Index 21 Sep 2021)

ESG Rating (AAA-CCC) A
Quality Score (0-10) 6.34
Carbon Intensity 82.56

Source: MSCI ESG Research. For more information on the ESG profile, see the ESG section on this product page. Carbon intensity is the weighted average carbon intensity (Tons CO2e/$million sales).

Key risks

Counterparty risk:  Other financial institutions provide services such as safekeeping of assets or as a counterparty to financial contracts such as derivatives. The Fund is exposed to the risk of bankruptcy, or any other type of default of the counterparty related to any trading transaction entered into by the Fund.

Risk of using derivatives:  in order to reach its investment objective, the Fund enters into swap agreements which provide the performance of the Reference Index, and may imply a range of risks which could lead to an adjustment or even the early termination of the swap agreement.

Liquidity on secondary market risk:  Lower liquidity means there are insufficient buyers or sellers to allow the Fund to sell or buy investments readily. On-exchange liquidity may be limited due to Reference Index suspension, a decision by one of the relevant stock exchanges, or a breach by the market maker of respective stock exchange requirements and guidelines. 

 

On 6 February 2015 the benchmark of the Source JPX-Nikkei 400 UCITS ETF changed from the JPX-Nikkei 400 Index (gross) to the JPX-Nikkei 400 Net TR Index. The performance of the JPX-Nikkei Net TR Index has been simulated prior to 6 February 2015 using returns from the gross index. Past performance (actual or simulated) is not a reliable indicator of future performance.

The data shown on this page is not real-time, i.e. it may be delayed due to mandatory requirements of the data provider. As a consequence, the price of the product linked to a specific underlying you are quoted by your broker or intermediary may substantially differ from the price of the product that you would expect on the basis of the data displayed on this site. Invesco accepts no responsibility for loss, however caused, resulting from errors in this data.

ETF performance is in the fund’s base currency, includes dividends, reinvested. ETF performance is Net Asset Value after management fees and other ETF costs but does not consider any commissions or custody fees payable when buying, holding or selling the ETF. The ETF does not charge entry or exit fees. Data: Invesco.