DWS Xtrackers has listed a new Exchange Traded Fund (ETF) to the LSE (London Stock Exchange)
By ETFWorld.co.uk
Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C
The fund is passively managed. The aim is for your investment to track the performance of the MSCI EM Select ESG Screened Index. The index is based on the MSCI Emerging Markets Index (Parent Index), which is designed to reflect the performance of the shares of large and medium capitalisation companies in emerging markets. In order to be eligible for inclusion in the index, companies must be eligible for inclusion in the Parent Index and must meet certain ESG screening criteria. 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) 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 securities are then weighted by their free-float adjusted market capitalisation and are also subject to certain country weight adjustments. The index is administered by MSCI Limited. 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 British Pound Sterling on a daily basis. To achieve the aim, the fund will attempt to replicate the index, before fees and expenses, by buying a portfolio of securities that may comprise the constituents of the index or other unrelated investments as determined by DWS. The fund may employ techniques and instruments in order to manage risk, reduce costs and improve results. These techniques and instruments may include the use of financial contracts (derivatives).
The fund may also engage in secured lending of its investments to certain eligible third parties subject to certain ESG criteria to generate additional income to offset the costs of the fund. The currency of the fund is GBP. Returns and gains are not distributed but are reinvested in the fund.
| Product Name | Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C |
| ISIN | IE00BM67HJ62 |
| SEDOL | BNRKLS8 |
| Currency | USD |
| Underlying | MSCI EM Select ESG Screened Index |
| Management Fee | 0.18% |
Source: ETFWorld.co.uk
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