What does Invesco Variable Rate Preferred Shares UCITS ETF invest in?▾
The Invesco Variable Rate Preferred Shares UCITS ETF Acc aims to provide the net total return performance of the ICE Diversified Variable Rates Preferred & Hybrid Securities Index (the “Reference Index”), less the impact of fees. The Reference Index tracks the performance of variable and floating rate US-dollar-denominated preferred securities, as well as certain types of “hybrid securities” that are functionally equivalent to preferred stock, issued in the US domestic market. Constituents are market capitalisation-weighted, and subject to a 10% issuer cap and with no more than 40% of the...
