Invesco JPX-Nikkei 400 UCITS ETF USD Hdg Acc

Product description

The Invesco JPX-Nikkei 400 UCITS ETF USD Hdg Acc aims to provide the net total return performance of the JPX-Nikkei 400 USD Hedged 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 index selects stocks on the basis not only of size, but also return on equity, operating profit and corporate governance. To minimise exposure to fluctuations in the exchange rate between JPY and USD, the USD Hedged index includes a monthly currency hedge in the index calculation.

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.

Trading information

London Stock Exchange
Trading currency USD
Settlement period T+2
Exchange ticker N4US
Bloomberg ticker N4US LN
Bloomberg iNAV N4USIN
Reuters ticker N4US.L
Reuters iNAV 2746INAV.DE
WKN A14MTY
Valor 26825641
Sedol BVJDPN4
Today (27 Nov 2021)
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Key information

Bloomberg ticker N4US LN
ISIN IE00BVGC6751
Benchmark BBG ticker JN4NUH
Management fee 0.19%
Swap fee 0.20%
NAV (25 Nov 2021) $21.94
AUM $98,470,216
Base currency USD
Umbrella AUM (24 Nov 2021) $34,745,491,061

ESG Profile

(Index 25 Nov 2021)

ESG Rating (AAA-CCC) A
Quality Score (0-10) 6.66
Carbon Intensity 78.90

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

Currency hedging:  currency hedging may not completely eliminate currency risk and may affect the performance of the Fund.

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 Benchmark 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 Benchmark 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. 

 

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 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.