REG - Invesco Markets II - NOTICE TO SHAREHOLDERS

Euronext NVAnnouncement

27/11/2023 19:00

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RNS Number : 8172U  Invesco Markets II PLC  27 November 2023

 

 

 Invesco Markets II plc

 Ground Floor, 2 Cumberland Place, Fenian Street, Dublin 2, Ireland

Telephone +353 1 439 8000 www.invesco.com (http://www.invesco.com/)

 23 November 2023

 

NOTICE TO SHAREHOLDERS

 

RE:         Invesco MSCI Emerging Markets ESG Climate Paris Aligned
UCITS ETF Invesco MSCI Europe ESG Climate Paris Aligned UCITS ETF

Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Invesco MSCI USA ESG
Climate Paris Aligned UCITS ETF Invesco MSCI World ESG Climate Paris Aligned
UCITS ETF (each the "Fund" and together the "Funds")

 

Dear Shareholder

 

We are writing to you as a Shareholder of the Fund/s, each a sub-fund of
Invesco Markets II plc (the "Company"), to inform you of the following change
to the methodology of the Refence Index used by each Fund. Share classes along
with ISINs can be found in Schedule I, attached to this notice.

 

Background and Changes

 

To keep up with the latest developments in climate research from the IPCC
(Intergovernmental Panel on Climate Change), the Index Provider has expanded
the number of emissions scenarios incorporated into its Climate Value-at-Risk
model. The Index Provider has introduced nine new emissions scenarios of
future climate and socioeconomic developments which have been developed by the
Network for Greening the Financial System (NGFS).

 

The Index Provider will be replacing Aggregated Extreme Weather Equity
Climate, the metric used for measuring Weighted Average Extreme Weather
Climate Value-at-Risk, with MSCI's Physical Risk Climate VaR metric (based on
an IPCC SSP 3 7.0 scenario). Additionally, the Index Provider will implement
MSCI 1.5-degree Celsius REMIND Orderly-based metrics into the calculation of
Aggregate Climate Value-at- Risk, replacing the current underlying metrics
which utilise the AIM-CGE model.

 

The implementation of these new emissions scenarios allows better modelling of
the physical risks to the portfolio under a high-emissions future, as well as
the policy risks and transition opportunities arising from Paris-alignment.
Ultimately, the change should reduce the exposure of each Index (and, by
virtue of tracking each Index, the Funds) to transition and physical climate
risks and facilitate the pursuit of opportunities arising from a transition to
a lower carbon economy. The expected turnover at the rebalance where the
change will be implemented for each Reference Index is still within the
constraints laid out in the methodology.

 

The change is not expected to have a material impact on the portfolio of each
Fund when implemented on the next rebalancing date (as set out below).

 

Further details of this change can be found on the Index Provider's website:
https://www.msci.com/index- (https://www.msci.com/index-consultations)
consultations (https://www.msci.com/index-consultations)

 

Effective Date

 

The change is due to take effect on 1(st) December 2023.

 

 

 

 

 

Directors: Gary Buxton (British/Irish), Feargal Dempsey, Sarah (Katy Walton)
Jones (British), Lisa Martensson (Swedish) Invesco Markets II plc, registered
in Ireland as an open-ended variable capital umbrella investment company with
limited liability and segregated liability between sub-funds.

Registration number: 567964. Registered office: Ground Floor, 2 Cumberland
Place, Fenian Street, Dublin 2, Ireland

Should you wish to redeem your shareholding as a result of the change, you may
do so in accordance with the dealing provisions outlined in the relevant
Supplement.

 

General

 

Shareholders may obtain the Prospectus, Supplement(s), the key information
document, the latest annual and semi-annual reports and copies of the
constitution of the Company free of charge from the registered office of the
Manager or the local representatives in the countries where the Company is
registered as well as from the German information agent, Marcard Stein &
Co AG, Ballindamm 36, 20095 Hamburg, Germany and on the website of the Company
- etf.invesco.com or - limited to the Prospectus, the key information
documents - on the website of the relevant stock exchange where the Shares are
listed (for Italy, on the website of Borsa Italiana S.p.a.
www.borsaitaliana.it). In Switzerland, the Prospectus, the key information
documents, the latest annual and semi-annual reports and copies of the M&A
may be obtained free of charge from the Swiss Representative and Paying Agent,
BNP Paribas, Paris, Zürich branch, Selnaustrasse 16, 8002 Zürich,
Switzerland.

 

All capitalised terms used in this notice shall bear the same meaning as the
capitalised and defined terms used in the Prospectus and Supplement.

 

If you have any queries arising from this notice, please contact us at
invest@Invesco.com. (mailto:invest@Invesco.com) Yours faithfully

 

 

 

 

 

 

For and on behalf of Invesco Markets II plc

 

Date: 23 November 2023

SCHEDULE I

 

 

 Sub-fund                                                           Share class  ISIN
 Invesco MSCI Emerging Markets ESG Climate Paris Aligned UCITS ETF  Acc          IE000PJL7R74
 Invesco MSCI Europe ESG Climate Paris Aligned UCITS ETF            Acc          IE000TI21P14
 Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF             Acc          IE000I8IKC59
 Invesco MSCI USA ESG Climate Paris Aligned UCITS ETF               Acc          IE000RLUE8E9
 Invesco MSCI World ESG Climate Paris Aligned UCITS ETF             Acc          IE000V93BNU0

 

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