Invesco MSCI USA Swap Index Fund F GBP Acc

What this fund is

Invesco MSCI USA Swap Index Fund F GBP Acc is an exchange-traded fund (ETF) from Invesco — a single investment you can buy in one trade that bundles many holdings together, so your money is spread out instead of riding on one company. It invests in company shares (also called stocks or equities), focused on companies in the United States and Canada. It aims to track the MSCI USA Total Return (Net) Index index, which means its value moves roughly in line with that market instead of relying on a manager to pick winners — a hands-off style known as passive (or index) investing that typically keeps running costs down. It does this through a swap agreement rather than owning every holding directly (called synthetic replication). Any income the holdings generate, such as dividends, is automatically reinvested inside the fund (an accumulating share class), which lets returns build up over time without you doing anything. Its ongoing charge is 0.03% a year — about €3 a year on a €10,000 holding, taken automatically from the fund. The fund is domiciled in Ireland and is UCITS-regulated, a European standard built to protect everyday investors. As with any investment, its value can go down as well as up, and past performance is not a guide to future results.