The new Xtrackers fund is focused on equities listed in the Nordic region.

DWS has launched a new Xtrackers ETF that focuses on equities in the Nordic region, which is part of its suite of Paris-aligned climate ETFs in Europe.

The Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF has an expense ratio of 0.15% and follows the Solactive ISS ESG Nordic Investable Universe Net Zero Pathway Index, which screens out violators of international principles and companies with low ESG scores, among other criteria. (ETF Strategy)

The index weights the remaining companies to satisfy the requirements for a Paris Aligned Benchmark and incorporates recommendations from the Institutional Investors Group on Climate Change.

The ETF is classified as an Article 8 product under the European Union’s Sustainable Finance Disclosure Regulation (SFDR).

DWS also offers six other Paris-aligned equity ETFs targeting global, US, European, eurozone, Japanese, and emerging market stocks, as well as four fixed income ETFs that focus on USD or EUR investment-grade corporate credit markets.

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