DWS launches a new S&P 500 Equal Weight Xtrackers ETF to the LSE

DWS launches one new S&P 500 Equal Weight ESG UCITS ETF 4C – GBP Hedged Xtrackers ETF to the London Stock Exchange

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By ETFWorld.co.uk

Simon Klein, Global Head of Xtrackers Sales at DWS

Xtrackers S&P 500 Equal Weight ESG UCITS ETF 4C – GBP Hedged

Index key features

The S&P 500 Equal Weight ESG Index aims to reflect the performance of the following market:

Targets 60% of the number of constituents of each GICS industry group of the S&P 500 Equal Weight Index, using the S&P Global ESG Scores.

Applies exclusions based on companies’ involvement in specific business activities, violation of the principles of the United Nations’ Global Compact (UNGC), and ESG performance relative to GICS industry group.

Stocks are equally weighted.

Reviewed and reweighted on quarterly basis.

Source: ETFWorld.co.uk