The mandate of this ETF is to track the performance of the MSCI World SRI Select Reduced Fossil Fuel Index (the Index) by investing in the iShares MSCI World SRI UCITS ETF.
This index includes large and mid-cap securities across 23 Developed Market countries.
It aims to represent the performance of companies that are consistent with specific values and climate change-based criteria, and those that exhibit a high minimum level of ESG performance.
The fund actively excludes companies in industries related to Controversial Weapons, Nuclear Weapons, Tobacco, Civilian Firearms, Conventional Weapons, Alcohol, Gambling, Adult Entertainment, Nuclear Power, Genetically Modified Organisms, Thermal Coal, Oil Sands, Oil & Gas, Power Generation and Thermal Coal/Oil Sands Reserve. The fund is a feeder fund and as such 1nvest will replicate the index by investing in the iShares MSCI World SRI UCITS ETF.