DWS Xtrackers has listed a new Exchange Traded Fund (ETF) to the LSE (London Stock Exchange)
By ETFWorld.co.uk
Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C
The fund is passively managed. The fund aims to reflect the performance of the Solactive ISS ESG Nordic Investable Universe Net Zero Pathway Index. The Reference Index is designed to reflect the performance of companies of the Nordic countries 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 Developed Markets Nordic Investable Universe EUR 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.
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. Individual securities in the index are capped at 9%. The Index is administered by Solactive AG.
| Product Name | Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF |
| ISIN | IE000HT7E0B1 |
| SEDOL | BN7B0Q2 |
| Trading Currency | GBP |
| Underlying | Solactive ISS ESG Nordic Investable Universe Net Zero Pathway Inde |
| Management Fee | 0.15% |
Source: ETFWorld.co.uk
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