Invesco is listing a range of core ESG ETFs that weight companies by “ESG momentum”.
The new listings will invest more assets in companies that do good by people and planet, as well as those showing they are starting to do the right thing (“ESG Momentum”).
Invesco MSCI USA ESG Universal Screened UCITS ETF (ESGU) – 0.12%
Invesco MSCI Europe ESG Universal Screened UCITS ETF (ESGE) – 0.16%
Invesco MSCI World ESG Universal Screened UCITS ETF (ESGW) – 0.19%
They will also include negative screens that shoot companies with “controversial business practices”. Currently, only around 8% of securities have been removed from each of the parent indices. The indices are reviewed and rebalanced every six months.
In a statement, Maria Lombardo, head of responsible investment EMEA at Invesco, said that part of the reason the funds use physical tracking is for voting rights on boards -- implying Invesco's voting could be used for ESG purposes.