DWS Xtrackers has listed a new Emerging Markets Net Zero Exchange Traded Fund (ETF) to the LSE (London Stock Exchange)
By ETFWorld.co.uk
Simon Klein, Global Head of Passive Sales at DWS.
Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF
DWS : The fund is passively managed. The fund aims to reflect the performance of the Solactive ISS ESG Emerging Markets Net Zero Pathway Index. The Reference Index is designed to reflect the performance of large and medium capitalisation companies across global emerging markets which are selected and weighted with the aim of seeking alignment with EU Paris-aligned Benchmark (EU PAB) standards and certain net zero frameworks.
The index uses environmental, social and governance (ESG) data from Institutional Shareholder Services Inc. (ISS), which provides expertise across a variety of sustainable and responsible investment issues. The index first removes companies from the Solactive GBS Emerging Markets Large & Mid Cap Index (parent index) which do not meet certain ESG criteria, including those involved in industries with a high potential for negative ESG impacts, companies which have been involved in severe ESG related controversies, companies below a certain ESG rating or without an ESG rating, those that have a significant negative impact on certain United Nations Sustainable Development Goals (SDGs), and finally those without sufficient sustainability data available.
DWS : Stocks passing these exclusions are then scored and weighted based on three pillars (Tilted Weights) (i) Science-based targets relating to reducing carbon emissions (ii) Climate disclosure standards, and (iii) Green revenue relating to SDG 13. Tilted Weights are then further adjusted to ensure alignment with EU PAB requirements, with weights subject to capping and individual and sector weight deviation limits compared to the parent index also applied. The Index is administered by Solactive AG.
| Product Name | Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF |
| ISIN | IE000TZT8TI0 |
| SEDOL | BQHN5W0 |
| Trading Currency | GBP |
| Underlying | Solactive ISS ESG Emerging Markets Net Zero Pathway Index |
| Management Fee | 0.20% |
| Product Name | Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF |
| ISIN | IE000TZT8TI0 |
| SEDOL | BQHN5T7 |
| Trading Currency | USD |
| Underlying | Solactive ISS ESG Emerging Markets Net Zero Pathway Index |
| Management Fee | 0.20% |
Source: ETFWorld.co.uk
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