← All ETFs

Available in 10 markets

Invesco MSCI Europe ESG Climate Paris Aligned UCITS ETF Acc

Invesco · IE000TI21P14

Invesco MSCI Europe ESG Climate Paris Aligned UCITS ETF Acc is an exchange-traded fund (ETF) from Invesco, traded under the ticker PAES (ISIN IE000TI21P14). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. In plain terms it is about owning small slices of companies, so you share in…

· Tracks the MSCI Europe ESG Climate Paris Aligned Benchmark PAB Select Index index ?

Equity ?Accumulating ?Physical ?Ireland ?

Low yearly feeReinvests dividendsOwns the shares directlyEuropeBroadly spread

Find funds like this

Invesco funds Domiciled in Ireland Accumulating Physically replicated Europe stocks Yearly fee under 0.25%

Opens the screener with this filter applied.

Fund size (AUM) ?

€19.2M

Risk level (SRI) ?

4 / 7 · Medium

1-year return ?

+18.7%

Total return · to 2026-09-03

Yearly fee (TER) ?

0.16%

All-in cost ≈ 0.22%

About this fund

What you own

The MSCI Europe ESG Climate Paris Aligned Benchmark PAB Select Index index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 217 companies across Europe in a single purchase.

Dividends

The fund automatically reinvests dividends back into itself, so your holding grows without cash payouts.

Rolling the dividends straight back in means your money compounds automatically, with nothing for you to reinvest by hand. The flip side is there is no cash income; the growth simply shows up as a higher fund value. Note that reinvested dividends can still be taxable in some countries even though you never receive the cash — the rules depend on where you live.

How it works

The fund actually buys every share in the index it tracks (full replication).

Owning every holding keeps things transparent — what is in the index is what the fund actually owns. It can be a touch costlier to run for indexes with thousands of tiny positions, since the fund has to buy and maintain them all. There is no swap bank involved, so there is no extra “what if the partner fails” question to weigh.

Cost

0.16%Yearly fee (TER)

0.22%All-in cost

The yearly running cost of the fund, shown as a % of your money. Lower is cheaper.

For example, a 0.20% fee works out at €0.20 a year for every €100 invested — that’s a generic illustration of the mechanic, not this fund’s own fee. It is skimmed quietly from inside the fund a little each day, so you never get a bill — but it drags on your return every year you hold. On a broad index ETF it is usually a small fraction of a percent; the gap between a cheap and a pricey fund looks tiny on day one but compounds over decades, which is why it is worth a glance.

Fund facts

Index tracked ?

MSCI Europe ESG Climate Paris Aligned Benchmark PAB Select Index

Replication ?

Physical

Full — buys every share

Regulation ?

UCITS

Yes

Launched

Dec 2021

5-year track record

Recommended holding period

5 years

Performance

Growth of €100 invested — the line starts at €100.

Invesco MSCI Europe ESG Climate Paris Aligned UCITS ETF Acc

End-of-day prices, rebased to a common start so the shapes are comparable. Past performance does not predict future results.

YTD+11.1%

1 year+18.7%

How bumpy has it been?

12.6%

Volatility (1y) ?

How much the price swings year to year — lower is calmer.

-15.8%

Worst drop (3y) ?

The biggest fall from a peak over the last three years.

The bigger picture

+25.1%

Since inception

Total growth since launch — about +10.4% a year.

+26.6%

Best 12 months

The strongest one-year stretch on record.

+1.4%

Worst 12 months

The weakest one-year stretch on record.

-15.8%

Worst fall on record ?

It clawed back in about 1 month.

What's inside

By sector ?

Financials26.0%

Industrials18.5%

Health Care16.1%

Technology12.5%

Real Estate5.6%

Utilities5.5%

Materials4.8%

Consumer Staples4.6%

Other / not shown6.6%

The 10 biggest holdings make up 21.9% of the fund — the rest is spread across roughly 206 more companies.

Top 10 holdings

#	Company	Weight
1	ASML HOLDING NV EUR0.09	5.2%
2	NOVARTIS AG-REG CHF0.5	3.1%
3	HSBC HOLDINGS PLC GBP 0.5000	2.3%
4	ASTRAZENECA PLC USD0.25	2.3%
5	ALLIANZ SE-REG NPV	1.9%
6	SAP SE NPV	1.6%
7	SIEMENS AG-REG NPV	1.5%
8	BANCO SANTANDER SA EUR0.5	1.4%
9	UNICREDIT SPA NPV	1.3%
10	UBS GROUP AG-REG CHF 0.1000	1.2%

Where to buy this fund

Where you live:

Set from your language & location — change it if it's wrong.

Where it trades

Exchange	Ticker	Currency
LSE	PAES	EUR	★ Primary
CHF listings
SIX	PAEU	CHF
EUR listings
B3	PAESL	EUR
B3	PAUED	EUR
B3	PAEUZ	EUR
B3	PAEUM	EUR
Borsa Italiana	PAEU	EUR
E1	PAESEUR	EUR
E1	PAESGBX	EUR
EB	PAUED	EUR
EP	PAESGBX	EUR
EU	PAESGBX	EUR
EU	PAESEUR	EUR
EZ	PAESGBX	EUR
Frankfurt	PAUE	EUR
GD	PAUE	EUR
GF	PAUE	EUR
GM	PAUE	EUR
GS	PAUE	EUR
GT	PAUE	EUR
GZ	PAUE	EUR
I2	PAUED	EUR
IX	PAUED	EUR
L1	PAESL	EUR
L1	PAUED	EUR
L1	PAEUZ	EUR
L1	PAEUM	EUR
L3	PAESL	EUR
L3	PAEUZ	EUR
L3	PAUED	EUR
L3	PAEUM	EUR
LA	PAUE	EUR
London Stock Exchange	PAES	EUR
LU	PAUE	EUR
PO	PAESL	EUR
PO	PAEUM	EUR
PO	PAEUZ	EUR
PO	PAUED	EUR
QT	PAUE	EUR
S1	PAEUZ	EUR
S1	PAUED	EUR
S4	PAUED	EUR
SE	PAEU	EUR
TH	PAUE	EUR
X1	PAESEUR	EUR
X1	PAESGBX	EUR
X2	PAESEUR	EUR
X2	PAESGBX	EUR
X9	PAESEUR	EUR
XA	PAESGBX	EUR
XA	PAESEUR	EUR
XE	PAESEUR	EUR
XE	PAESGBX	EUR
XF	PAESEUR	EUR
XF	PAESGBX	EUR
XG	PAESGBX	EUR
XG	PAESEUR	EUR
XH	PAESEUR	EUR
XH	PAESGBX	EUR
XJ	PAESGBX	EUR
XJ	PAESEUR	EUR
XL	PAESEUR	EUR
XL	PAESGBX	EUR
XO	PAESEUR	EUR
XO	PAESGBX	EUR
XQ	PAESGBX	EUR
XQ	PAESEUR	EUR
XS	PAESEUR	EUR
XS	PAESGBX	EUR
XT	PAESEUR	EUR
XU	PAESGBX	EUR
XU	PAESEUR	EUR
XV	PAESEUR	EUR
XV	PAESGBX	EUR
XW	PAESEUR	EUR
XW	PAESGBX	EUR
XX	PAESEUR	EUR
XX	PAESGBX	EUR
XZ	PAESEUR	EUR
XZ	PAESGBX	EUR

For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

As of 2026-09-03 · the fund's own published holdings.

#	Company	Weight
1	ASML HOLDING NV EUR0.09	5.2%
2	NOVARTIS AG-REG CHF0.5	3.1%
3	HSBC HOLDINGS PLC GBP 0.5000	2.3%
4	ASTRAZENECA PLC USD0.25	2.3%
5	ALLIANZ SE-REG NPV	1.9%
6	SAP SE NPV	1.6%
7	SIEMENS AG-REG NPV	1.5%
8	BANCO SANTANDER SA EUR0.5	1.4%
9	UNICREDIT SPA NPV	1.3%
10	UBS GROUP AG-REG CHF 0.1000	1.2%
11	TERNA SPA EUR0.22	1.1%
12	GSK PLC GBP 25.0000	1.1%
13	SEGRO PLC GBP0.1	1.0%
14	UNITED UTILITIES GROUP PLC GBP0.05	1.0%
15	LEGRAND SA EUR4	0.9%
16	Ferrovial NV EUR NPV	0.9%
17	SWISS PRIME SITE-REG CHF15.3	0.9%
18	SANDVIK AB SEK1.2	0.9%
19	ZURICH INSURANCE GROUP AG CHF0.1	0.9%
20	AENA SME SA EUR 1.0000	0.9%
21	INTESA SANPAOLO NPV	0.9%
22	INFINEON TECHNOLOGIES AG NPV	0.9%
23	AXA SA EUR2.29	0.8%
24	KLEPIERRE EUR1.4	0.8%
25	ANTOFAGASTA PLC GBP0.05	0.8%
26	CAIXABANK SA EUR1	0.8%
27	HALEON PLC GBP NPV	0.8%
28	GIVAUDAN-REG CHF10	0.8%
29	SEVERN TRENT PLC GBP0.9789	0.8%
30	GETLINK SE EUR0.4	0.8%
31	DEUTSCHE TELEKOM AG-REG NPV	0.7%
32	LONZA GROUP AG-REG CHF1	0.7%
33	NORDEA BANK ABP EUR1	0.7%
34	ESSILORLUXOTTICA EUR0.18	0.7%
35	HERMES INTERNATIONAL NPV	0.7%
36	REDEIA CORPORACION SA EUR 0.5	0.7%
37	PROSUS NV EUR0.05	0.7%
38	LEGAL & GENERAL GROUP PLC GBP 2.5000	0.6%
39	ASSA ABLOY AB-B SEK1	0.6%
40	KONE OYJ-B NPV	0.6%
41	SIKA AG-REG CHF0.01	0.6%
42	HALMA PLC GBP0.1	0.6%
43	ATLAS COPCO AB-B SHS SEK 0.6390	0.6%
44	FERRARI NV EUR0.01	0.6%
45	GEBERIT AG-REG CHF0.1	0.6%
46	DEUTSCHE BOERSE AG NPV	0.6%
47	ALCON INC CHF0.04	0.6%
48	BNP PARIBAS EUR2	0.6%
49	SPOTIFY TECHNOLOGY SA EUR0.000625	0.6%
50	LAND SECURITIES GROUP PLC GBP0.1066667	0.6%
51	UNIBAIL-RODAMCO-WESTFIELD EUR0.5	0.6%
52	MOWI ASA NOK7.5	0.6%
53	Sandoz Group AG CHF 0.05	0.6%
54	EDP Renewables SA EUR 5	0.6%
55	RECORDATI INDUSTRIA CHIMICA EUR0.125	0.6%
56	KESKO OYJ-B SHS NPV	0.6%
57	ASM INTERNATIONAL NV EUR0.04	0.5%
58	SWISS RE AG CHF 0.1000	0.5%
59	KBC GROUP NV NPV	0.5%
60	DHL AG EUR NPV	0.5%
61	AIB GROUP PLC EUR0.625	0.5%
62	SAMPO PLC EUR NPV	0.5%
63	NOKIA OYJ NPV	0.5%
64	NATWEST GROUP PLC GBP 1.0769	0.5%
65	CHOCOLADEFABRIKEN LINDT-REG CHF100	0.5%
66	Novonesis ( Novozymes ) B DKK 2	0.5%
67	SKANDINAVISKA ENSKILDA BAN-A SEK10	0.5%
68	RELX PLC GBP0.144397	0.5%
69	ATLAS COPCO AB SEK NPV	0.5%
70	UCB SA NPV	0.5%
71	GECINA SA EUR7.5	0.5%
72	GALDERMA GROUP CHF 0.010000000	0.5%
73	ELIA GROUP NPV	0.5%
74	BANCO BPM SPA NPV	0.5%
75	IPSEN EUR1	0.5%
76	DSV A/S DKK 1	0.5%
77	ARGENX SE NPV	0.5%
78	LONDON STOCK EXCHANGE GROUP GBP0.06918605	0.5%
79	MERCK KGAA NPV	0.5%
80	VESTAS WIND SYSTEM DKK 0.20	0.5%
81	COCA-COLA EUROPEAN PARTNERS USD 0.0100	0.4%
82	AVIVA GBP 0.33	0.4%
83	DEUTSCHE BANK AG-REGISTERED NPV	0.4%
84	ERSTE GROUP BANK AG NPV	0.4%
85	Helvetia Baloise Holdings AG CHF 0.02	0.4%
86	BUNZL PLC GBP0.3214286	0.4%
87	COVIVIO EUR3	0.4%
88	BPER Banca EUR3	0.4%
89	SVENSKA HANDELSBANKEN-A SHS SEK1.55	0.4%
90	SCHINDLER HOLDING AG-REG CHF0.1	0.4%
91	AKZO NOBEL N.V. EUR0.5	0.4%
92	SPIRAX-SARCO ENGINEERING PLC GBP0.269231	0.4%
93	PRYSMIAN SPA EUR0.1	0.4%
94	HANNOVER RUECK SE NPV	0.4%
95	ORION OYJ-CLASS B EUR0.65	0.4%
96	SALMAR ASA NOK0.25	0.4%
97	LOTUS BAKERIES NPV	0.4%
98	ENDEAVOUR MINING PLC GBP 0.0100	0.4%
99	VAT GROUP AG CHF0.1	0.4%
100	HEXAGON AB SEK NPV	0.4%
101	COLOPLAST-B DKK1	0.4%
102	3I GROUP PLC GBP0.738636	0.4%
103	BEIERSDORF AG NPV	0.4%
104	VONOVIA SE NPV	0.4%
105	UNIPOL GRUPPO SPA NPV	0.4%
106	ORKLA ASA NOK1.25	0.4%
107	SONOVA HOLDING AG-REG CHF0.05	0.4%
108	DNB BANK ASA NOK NPV	0.4%
109	EUROFINS SCIENTIFIC EUR0.1	0.4%
110	AMADEUS IT GROUP SA EUR0.01	0.4%
111	SCHINDLER HOLDING-PART CERT CHF0.1	0.4%
112	COCA-COLA HBC AG-DI GBP 6.7000	0.4%
113	ERICSSON LM-B SHS SEK5	0.4%
114	GJENSIDIGE FORSIKRING ASA NOK2	0.3%
115	FINECOBANK SPA EUR0.33	0.3%
116	SMITH & NEPHEW PLC GBP 0.2000	0.3%
117	NN GROUP NV EUR0.12	0.3%
119	QIAGEN NV EUR 0.01	0.3%
120	SVENSKA CELLULOSA AB SCA-B SEK3.33	0.3%
121	EURONEXT NV EUR1.6	0.3%
122	SYMRISE AG NPV	0.3%
123	AIR LIQUIDE SA EUR5.5	0.3%
124	BANQUE CANTONALE VAUDOIS-REG CHF10	0.3%
125	COMPASS GROUP PLC USD 11.0500	0.3%
126	DSM-FIRMENICH AG EUR 0.0100	0.3%
127	SWISSCOM AG-REG CHF1	0.3%
128	KUEHNE + NAGEL INTL AG-REG CHF1	0.3%
129	STMICROELECTRONICS NV EUR1.04	0.3%
130	BIOMERIEUX NPV	0.3%
131	MONCLER SPA NPV	0.3%
132	ADMIRAL GROUP PLC GBP0.001	0.3%
133	INDUTRADE AB SEK1	0.3%
134	VERBUND AG NPV	0.3%
135	BE SEMICONDUCTOR INDUSTRIES EUR0.01	0.3%
136	SWISS LIFE HOLDING AG-REG CHF5.1	0.3%
137	GEA GROUP AG NPV	0.3%
138	KERING EUR4	0.3%
139	YANDEX NV-A EUR0.01	0.3%
140	KERRY GROUP PLC-A EUR0.125	0.3%
141	RATIONAL AG NPV	0.3%
142	BANKINTER SA EUR0.3	0.3%
143	STRAUMANN HOLDING AG CHF 0.01	0.3%
144	ADP EUR3	0.3%
145	ASSICURAZIONI GENERALI EUR1	0.3%
146	ADIDAS AG NPV	0.3%
147	BANCO DE SABADELL SA EUR0.125	0.3%
148	TRELLEBORG AB-B SHS SEK25	0.3%
149	LOGITECH INTERNATIONAL-REG CHF0.25	0.3%
150	ACCIONA SA EUR1	0.3%
151	BELIMO HOLDING AG CHF 0.05	0.3%
152	HENKEL AG & CO KGAA NPV	0.2%
153	PRUDENTIAL PLC GBP 5.0000	0.2%
154	COMMERZBANK AG NPV	0.2%
155	INPOST SA EUR 0.0100	0.2%
156	Metso Corporation EUR NPV	0.2%
157	TELE2 AB-B SHS SEK1.25	0.2%
158	RENTOKIL INITIAL PLC GBP0.01	0.2%
159	INFORMA PLC GBP0.001	0.2%
160	KINGSPAN GROUP PLC EUR0.13	0.2%
161	BANCA MEDIOLANUM SPA EUR0.1	0.2%
162	TRYG A/S DKK5	0.2%
163	BANK OF IRELAND GROUP PLC EUR1	0.2%
164	BOLIDEN AB SEK 2.1100	0.2%
165	PUBLICIS GROUPE EUR0.4	0.2%
166	ADDTECH AB-B SHARES SEK0.75	0.2%
167	ADYEN NV EUR0.01	0.2%
168	JULIUS BAER GROUP LTD CHF0.02	0.2%
169	SARTORIUS STEDIM BIOTECH EUR0.2	0.2%
170	AMUNDI SA EUR2.5	0.2%
171	SKANSKA AB-B SHS NPV	0.2%
172	DASSAULT SYSTEMES EUR 0.1	0.2%
173	D'IETEREN GROUP EUR NPV	0.2%
174	PANDORA A/S DKK0.01	0.2%
175	SARTORIUS AG-VORZUG EUR NPV PFD	0.2%
176	KNORR-BREMSE AG NPV	0.2%
177	WOLTERS KLUWER EUR0.12	0.2%
178	ORSTED A/S DKK10	0.2%
179	PARTNERS GROUP HOLDING AG CHF0.01	0.2%
180	SCHODERS PLC OR GBP 0.20	0.2%
181	SOCIETE GE EUR1.25	0.2%
182	EPIROC AB SEK NPV	0.1%
183	THE SAGE GROUP PLC GBP0.01051948	0.1%
184	PEARSON PLC GBP0.25	0.1%
185	DEMANT A/S DKK0.2	0.1%
186	AERCAP HOLDINGS NV EUR0.01	0.1%
187	BEIJER REF AB SEK NPV	0.1%
188	BANCA MONTE DEI PASCHI SIENA EUR 0.0000	0.1%
189	JERONIMO MARTINS EUR1	0.1%
190	MARKS & SPENCER GROUP PLC GBP0.25	0.1%
191	AEGON LIMITED EUR 0.12	0.1%
192	CAPGEMINI SE EUR8	0.1%
193	NIBE INDUSTRIER AB SEK NPV	0.1%
194	GENMAB A/S DKK1	0.1%
195	WISE GROUP PLC USD 0.01	0.1%
196	SMITHS GROUP PLC GBP0.375	0.1%
197	M&G PLC GBP0.0005	0.1%
198	ORANGE EUR4	0.1%
199	HENNES & MAURITZ AB-B SHS NPV	0.1%
200	UNIVERSAL MUSIC GROUP EUR 10.0000	0.1%
201	DANSKE BANK A/S DKK10	0.1%
202	TELENOR ASA NOK6	0.1%
203	INTERCONTINENTAL HOTELS GROU USD 20.8521	0.1%
204	HENKEL AG & CO KGAA VORZUG EUR 0.0000 PFD	0.1%
205	INTERTEK GROUP PLC GBP0.01	0.1%
206	TALANX AG NPV	0.1%
207	POSTE ITALIANE SPA EUR1	0.1%
208	KONINKLIJKE KPN NV EUR0.04	0.1%
209	ING GROEP NV EUR0.01	0.1%
210	ZALANDO SE NPV	0.1%
211	CELLNEX TELECOM SA EUR0.25	0.1%
212	CHOCOLADEFABRIKEN LINDT-PC CHF10	0.1%
213	EXPERIAN PLC USD0.1	0.1%
214	EQT AB SEK0.1	0.0%
215	NEMETSCHEK SE NPV	0.0%
216	ALSTOM EUR7	0.0%
217	Cash and/or Derivatives	0.0%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 80% of similar ETFs💰 All-in cost cheaper than 54%📈 Higher 1-yr return than 55%📊 Beat its category by 0.7% (1-yr) (category average +18.1%)

Versus the Equity (stocks) · Europe · EUR ETFs we track.

Advanced risk

8.4%

Downside deviation ?

67%

Up months (hit rate) ?

€6.55

52-week high ?

€5.44

52-week low ?

Concentration depth

~98 ?

Effective number of holdings

Roughly 217 companies are held, but the largest names carry most of the weight — so it behaves like ~98 equal-sized positions.

Tilt vs a world tracker

United States-71.6

Technology-16.7

United Kingdom+14.7

Switzerland+14.1

Netherlands+10.6

Financials+9.7

Percentage points over / under a broad world-equity tracker (not a licensed benchmark).

Estimated fund flows

+€100,000

Estimated net flow, last month

Estimated from fund-size changes.

Documents

📄 KID (PDF)

Similar funds

We found 6 funds that do much the same job as this one. To pick them we matched this fund's asset class and region, then show how close each match is below.

Matched on🌍 Europe stocks

Compare side by side

6 similar funds

	Invesco MSCI Europe ESG Climate Paris Aligned UCITS ETF AccInvescoYou're viewing	Invesco S&P 500 UCITS ETF EUR Hdg AccInvescoBroader match	Amundi Core S&P 500 Swap UCITS ETF EUR Hedged AccAmundiBroader match	Amundi Core S&P 500 Swap UCITS ETF EUR Hedged DistAmundiBroader match	Amundi Core Stoxx Europe 600 UCITS ETF AccAmundiBroader match	Amundi Core Stoxx Europe 600 UCITS ETF USD Hedged AccAmundiBroader match	Amundi Core Stoxx Europe 600 UCITS ETF EUR Hedged DistAmundiBroader match
Why it's similar	This is the fund on this page.	StocksAccumulatingCheaper fee Tracks a different index in the same category.	StocksAccumulatingCheaper fee Tracks a different index in the same category.	StocksCheaper fee Tracks a different index in the same category.	StocksAccumulatingPhysicalCheaper fee Tracks a different index in the same category.	StocksAccumulatingPhysicalCheaper fee Tracks a different index in the same category.	StocksPhysicalCheaper fee Tracks a different index in the same category.
Index tracked	MSCI Europe ESG Climate Paris Aligned Benchmark PAB Select Index	S&P 500 Daily Hedged Euro Net Total Return Index	S&P 500 Daily Hedged Euro Index Net TR	S&P 500 Daily Hedged Euro Index Net TR	STOXX Europe 600 (Net Return) EUR	STOXX Europe 600 (Net Return) EUR	STOXX Europe 600 (Net Return) EUR
Yearly fee (TER)	0.16%	0.05%	0.07%	0.07%	0.07%	0.09%	0.15%
All-in cost	0.22%	0.45%	0.00%	0.07%	0.07%	0.09%	0.15%
Fund size	€19.2M	€50.5B	€28.7B	€28.4B	€21.7B	€21.6B	€21.4B
Domicile	Ireland	Ireland	LU	LU	LU	LU	LU
Replication	Physical (full)	Synthetic (swap)	Synthetic (swap)	Synthetic (swap)	Physical (full)	Physical (full)	Physical (full)
3-yr return p.a.		+18.1%		+18.4%
5-yr return p.a.		+9.8%		+9.0%
# holdings	217	282	10	10	613	613	613

The fund on this page stays pinned on the left — scroll or use ‹ › to compare it against each one.

Open the full comparison tool →

Data as of 2026-09-03 · Source: issuer data, compiled by Finance Hamster

New to ETFs? Start with the basics →

Finance Hamster provides educational information about ETFs and investing. It is not investment, tax, or legal advice, and not a recommendation to buy or sell any security. Markets carry risk; do your own research or consult a licensed adviser.