DWS Xtrackers has listed a new Exchange Traded Fund (ETF) to the LSE (London Stock Exchange)
By ETFWorld.co.uk
Xtrackers Harvest MSCI China Tech 100 UCITS ETF
Objectives and investment policy
The fund is passively managed. The aim is for your investment to reflect the performance of the MSCI China All Shares Tech Select ESG Screened 100 Index which is designed to reflect the performance of a set of large and medium capitalisation Chinese companies selected from the MSCI China All Shares Index (Parent Index), which meet certain revenue thresholds (Relevance Score) associated with the development of new products and services from technology innovations leading to breakthroughs in areas including but not limited to internet and digitalisation, mobility, autonomous technology, industrial automation and digital healthcare, and to exclude companies which do not fulfill specific Environmental, Social and Governance (ESG) requirements.
The index excludes companies from the Parent Index, which: (i) are unrated by MSCI ESG Research; (ii) are assigned an MSCI ESG Rating of CCC; (iii) have any involvement in controversial weapons (iv) are classified by MSCI in their Business Involvement Screening Research as breaching certain revenue thresholds in controversial activities, including, but not limited to, tobacco, conventional weapons, nuclear weapons, civilian firearms, thermal coal and oil sands extraction; and/or (v) fail to comply with the United Nations Global Compact principles.
The remaining companies are ranked by their market capitalisation and the top 100 issuers (or all if less than 100) are selected and their securities are included in the index. Such securities are weighted by the product of the Relevance Score and their free float adjusted market capitalisation with a cap of 4.5% applied at the issuer level. The index is reviewed and rebalanced on a semi-annual basis.
The index is calculated on a total return net basis, which means that all dividends and distributions by the companies are reinvested in the shares after tax. The index is calculated in U.S. Dollars on a daily basis. To achieve the aim, the fund will attempt to replicate the index, before fees and expenses, by buying all or a substantial number of the securities in the index either through the Investment Manager’s RQFII licence or through the Stock Connect.
The fund may employ techniques and instruments in order to manage risk, reduce costs and improve results. The currency of the fund is USD. Returns and gains are not distributed but are reinvested in the fund.
| Name of ETF | SEDOL | ISIN | Listing Currency | Annual all-in fee (%) |
| Xtrackers Harvest MSCI China Tech 100 UCITS ETF | BLFFFL2 | LU2376679564 | USD | 0.55% |
Source: ETFWorld.co.uk
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