DWS Xtrackers has listed a new Exchange Traded Fund (ETF) to the LSE (London Stock Exchange)
By ETFWorld.co.uk
Xtrackers MSCI China A ESG Screened Swap UCITS ETF
The fund is passively managed. The aim is for your investment to reflect the performance of the MSCI China A Inclusion Select ESG Screened Index. The index is based on the MSCI China A Inclusion Index (Parent Index), which is designed to reflect the performance of certain shares of large and medium capitalization Chinese companies listed on on-shore exchanges such as on the Shanghai and Shenzhen exchanges (so-called A-Shares) and accessible through the Stock Connect framework. In order to be eligible for inclusion in the index, companies must be eligible for inclusion in the Parent Index and must meet certain environmenal, social and governance (ESG) screening criteria. The index excludes companies from the Parent Index, which: (i) are assigned an MSCI ESG Rating of CCC; (ii) as classified by MSCI in their Business Involvement Screening Research as (a) having any involvement in controversial weapons and (b) 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 (iii) fail to comply with the United Nations Global Compact principle.
The remaining securities are then weighted by their free-float adjusted market capitalisation and are also subject to certain weight adjustments such that certain sector weightings do not deviate by more than a certain perentage from the Parent Index weightings. 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 at least quarterly. To achieve the aim, the fund will invest in transferable securities and enter into financial contracts (derivatives) with one or more swap counterparties relating to the transferable securities and the index, in order to obtain the return on the index. You may request the redemption of shares generally on a daily basis. The currency of the fund is USD. Returns and gains are not distributed but are reinvested in the fund.
| Product Name | Xtrackers MSCI China A ESG Screened Swap UCITS ETF |
| ISIN | LU2469465822 |
| SEDOL | BM9S600 |
| Currency | GBP |
| Underlying | MSCI China A Inclusion Select ESG Screened Index |
| Management Fee | 0.29% |
Source: ETFWorld.co.uk
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