CMOC
•
Commodity
INVESCO BLOOMBERG COMMODITY CARBON TILTED UCITS ETF
TER (bps):
35
AUM (USD m):
40
ISIN:
IE000CYTPBT0
Domicile:
Ireland
Share Class Currency:
USD
ESG:
No
Geographical Focus:
Global
As of:
14 Nov 2024
Climate Fund:
No
Benchmark
The Bloomberg Commodity Carbon Tilted Index is a variant of the Bloomberg Commodity Index (the “Parent Index”) that comprises the same futures on the same component commodities as the Parent Index and seeks to incorporate a measure of the environmental costs associated with the production of the underlying commodities referenced by each futures contract. To group commodities with comparable production processes, the constituent commodities in the Reference Index are organised into seven groups: industrial metals, precious metals, agriculture derived, agriculture ex-derived, livestock, primary energy and distillates. The Index takes into account the Greenhouse Gas emissions (“GHG Emissions”) associated with the production of the underlying commodity (referenced by the commodity futures contracts in the Parent Index) and applies tilting such that the lower GHG emitting commodities relative to their group are overweighted, and the higher GHG emitting commodities are underweighted, when compared to the Parent Index. The application of tilting facilitates a balanced contribution to the aggregate reduction by all groups given the GHG emissions profile of each commodity group varies. The Reference Index is rebalanced on an annual basis.
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