Invesco Italian PIR Multi-Asset Portfolio UCITS ETF Acc

Product description

The Invesco Italian PIR Multi-Asset Portfolio UCITS ETF Acc aims to achieve the performance of a basket of reference indices (the “Reference Basket”), offering cross-asset class exposure. The fund is designed to be “Piani Individuali di Risparmio lungo a termine” (PIR) (Italian Law 232/2016) eligible.

The Reference Basket is designed with the objective of generating capital growth and income through exposure primarily to Italian equity and fixed income markets. The Reference Basket also offers global equity and fixed income exposure, as well as a small cash allocation, for diversification.

The Reference Basket consists of the following indices and cash with the following expected allocation percentages:

  • FTSE Italia All-Share Index: 20%
  • FTSE Italia Small Cap Index: 15%
  • FTSE Italia STAR Index: 20%
  • NASDAQ Global Buyback Achievers Index: 15%
  • FTSE Italian Corporate Bond Select Index: 20%
  • Citi Time-Weighted US Fallen Angel Bond Select Index: 7%
  • Cash: 3%

The Fund and the reference basket are rebalanced and reconstituted on a quarterly basis.

Please note that, prior to 25 May 2018, the name of this product was PowerShares Italian PIR Multi-Asset Portfolio UCITS ETF. This change has no bearing on the investment objective or any other aspect of the product.

Security Information

General information
Base currency EUR
Dividend treatment Continuously reinvested
Minimum investment 1 share
Launch date 26 Jan 2018
Shares outstanding 850,000
Exchanges Borsa Italiana
Further information
ISA Eligible
SIPP Eligible
UCITS Yes
UK reporting status Pending
Passported to Italy, Ireland
Structure
Legal form UCITS
Open ended fund
Replication method Physical
Domicile Ireland
Financial year end 31 December
Tax information for German investors
We are currently working on a daily feed to third party providers. In the meantime, we can send you the daily equity ratio directly.
Please contact Sebastian Stoehr to receive the information (Email: Sebastian.stoehr@invesco.com)
Key service providers
Issuer Invesco Markets II plc
Manager Invesco Investment Management Ltd
Investment manager Invesco PowerShares Capital Management LLC
Fund administrator BNY Mellon Fund Services (Ireland) Designated Activity Company
Depositary BNY Mellon Trust Company (Ireland) Limited
Trustee BNY Mellon Trust Company (Ireland) Limited
Auditor PricewaterhouseCoopers
Promoter Invesco UK Services

Key information

Bloomberg ticker PIRI IM
ISIN IE00BF51JZ00
Benchmark BBG ticker N/A
Management fee 0.45%
NAV (14 Feb 2019) €18.05
AUM €15,342,580
Base currency EUR

Key fund risks

PIR compliance: While an investment in the Fund is intended to be eligible for the purposes of “Piani Individuali di Risparmio a lungo termine” (PIR) (Law 232/2016), no guarantee is made that the Fund will continue to be eligible, and investors should make their own assessment on the PIR eligibility of the Fund before investing.

Concentration of risk: Investment risk is concentrated in Italy. This means the Fund is more sensitive to any localised economic, market, political or regulatory events. 

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  underyling index suspension, a decision by one of the relevant stock exchanges, a breach by the market maker or respective stock exchange requirements and guidelines.

 

The performance information on this web page refers to past performance. Past performance is not a reliable indicator of future returns.

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 UK Services Limited 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.