DWS Xtrackers has listed a new Exchange Traded Fund (ETF) to the LSE (London Stock Exchange)
By ETFWorld.co.uk
Xtrackers MSCI USA ESG UCITS ETF
Objectives and investment policy
The fund is passively managed. The aim is for your investment to track the performance, before fees and expenses, of the MSCI USA Low Carbon SRI Leaders Index. The index is based on the MSCI USA Index (Parent Index), which is designed to reflect the performance of certain shares in large and medium-sized listed companies in the USA. In order to be eligible for inclusion in the index, companies must be eligible for inclusion in the Parent Index and must display high environmental, social and governance (ESG) performance and low current and potential carbon exposure, relative to their regional and sector peers.
The constituent selection process is based on two independently applied sets of rules: (i) Low Carbon Exposure Selection Rules, used to assess the carbon exposure of constituents of the Parent Index which are then weighted accordingly, and (ii) High ESG Performance Selection Rules which are used to assess the ESG performance of constituents of the Parent Index.
Companies involved in industries with a high potential for negative ESG impact or companies which have been involved in severe ESG related controversies are excluded from the index and the remaining constituents of the index are weighted accordingly.
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 reviewed and rebalanced on a quarterly basis.
The index is calculated in US 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.
| Product Name | Xtrackers MSCI USA ESG UCITS ETF |
| ISIN | IE000UMV0L21 |
| SEDOL | BNNMYY5 |
| Currency | USD |
| Underlying | MSCI USA Low Carbon SRI Leaders Index |
| Management Fee | 0.15% |
Source: ETFWorld.co.uk
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