Invesco MSCI North America UCITS ETF

Issuer: Invesco

Asset Class: Equity

TER: 25bps

Trading Currency: GBX

Pays Income: False

Listing Date: 29 May 2026

Ticker: INAB

ISIN: IE0002LUYGW0

This fund offers investors a strategic tool for gaining comprehensive exposure to the North American equity market. By aiming to replicate the performance of the MSCI North America Index, the fund provides a diversified portfolio of large and mid-capitalisation companies across the United States and Canada. This makes it an effective core holding for those looking to capture the growth potential of two of the world's most significant and developed economies. The index is market-capitalisation weighted, ensuring that the largest and most influential companies have a corresponding impact on the fund's performance, reflecting the overall market dynamics.

This financial product employs a synthetic replication strategy, utilising swaps to achieve its investment objective. This method can offer advantages such as lower tracking error compared to physical replication, as well as potential cost and tax efficiencies, particularly regarding dividend withholding taxes from US equities. As an accumulating share class, any dividends paid by the underlying companies are automatically reinvested back into the fund, which helps to compound returns over the long term. This structure is particularly suitable for investors focused on capital growth rather than generating a regular income stream. The fund represents a convenient, single-trade solution for accessing a broad and diverse segment of the global stock market.