DWS has listed two new active ETFs on the London Stock Exchange, expanding its Xtrackers range with actively managed strategies.
Article created by the editorial staff of ETFWorld.co.uk
Simon Klein, Global Head of Xtrackers Sales at DWS
The funds, already trading on Deutsche Börse Xetra since April 1, are now accessible to UK investors.
Xtrackers Global Equity Top Active UCITS ETF 1C (ISIN: IE000X4A4GV2)
This ETF adopts an active management approach combining top-down macroeconomic analysis with bottom-up stock selection. Manager DWS Investment GmbH, with DWS Investments UK Limited as sub-portfolio manager, builds a global equity strategy investing primarily in large and mid-cap companies from developed and emerging markets .
The investment policy involves sector overweights or underweights based on macro outlook, considering factors such as inflation, interest rates, and geopolitical trends. Individual company selection prioritizes strong fundamentals and attractive valuations. The portfolio is reviewed dynamically on a regular basis, with scheduled quarterly updates .
The TER is set at 0.35%. The 1C share class, in US dollars, is accumulating. The fund does not track a benchmark and is managed with full discretion relative to the investment universe, which comprises securities listed on regulated markets .
| Product Name | Xtrackers Global Equity Top Active UCITS ETF 1C |
| ISIN | IE000X4A4GV2 |
| SEDOL | BV4J292 |
| Currency | GBP |
| Management Fee | 0.35% |
| Product Name | Xtrackers Global Equity Top Active UCITS ETF 1C |
| ISIN | IE000X4A4GV2 |
| SEDOL | BTMJB26 |
| Currency | USD |
| Management Fee | 0.35% |
Xtrackers Global Growth Leaders Active UCITS ETF 1C (ISIN: IE000M8F3JA6)
The second ETF focuses on companies with above-market growth, measured in terms of revenues, earnings, or margins. The portfolio includes large, medium, and small-cap companies from developed and emerging markets, selected based on market share expansion, growing customer base, and customer satisfaction .
These characteristics typically identify companies with innovative products that ensure strong bargaining positions and pricing power. The strategy has no predefined limits on geographic or sector exposure, which may result in concentrations in specific areas where superior opportunities are identified .
The TER is 0.50%. This fund is also actively managed without reference to a benchmark, with monthly portfolio updates proposed by the manager .
| Product Name | Xtrackers Global Growth Leaders Active UCITS ETF 1C |
| ISIN | IE000M8F3JA6 |
| SEDOL | BV4J2B4 |
| Currency | GBP |
| Management Fee | 0.50% |
| Product Name | Xtrackers Global Growth Leaders Active UCITS ETF 1C |
| ISIN | IE000M8F3JA6 |
| SEDOL | BTMJB59 |
| Currency | USD |
| Management Fee | 0.50% |
Management Structure
Both funds use a two-tier management structure: DWS Investment GmbH defines the portfolio composition (“Proposed Allocation”), while DWS Investments UK Limited handles day-to-day operations. The funds may use derivatives for risk management, cost reduction, and performance enhancement .
The products are domiciled in Ireland (Xtrackers (IE) plc) and authorized by the Central Bank of Ireland as UCITS. They do not distribute dividends, reinvesting proceeds into the fund.
Market Context
The launch comes as DWS consolidates its presence across European markets, simultaneously removing some GBP listings from the LSE to concentrate liquidity on primary markets . The two new active ETFs represent the expansion of the Xtrackers active management platform, which DWS is developing for German and UK retail clients .
Source: ETFWorld.co.uk
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