Alternative Investments/ESG: DWS Launches Paris-Aligned Emerging Market Equity ETF
The stocks would be selected with a focus on lower carbon use.
DWS has launched the Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF listed on Deutsche Boerse and the London Stock Exchange, with other exchanges to follow. Providing exposure to emerging market equities the ETF aims to achieve 50% lower carbon use amongst its constituents. (ETF Stream)
The Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF from DWS
The new Paris-Aligned Benchmark (PAB) ETF has a total expense ratio of 0.20%.
It joins an existing PAB range from DWS of six equity ETFs and four fixed-income ETFs that were recently downgraded from Article 9 to Article 8 under the Sustainable Finance Disclosure Regulation (SFDR).
Each of the equity ETFs invests in a specific regional equity market; global, USA, Europe, Eurozone, Japan and now also emerging markets with XEMN.
The fixed-income Xtrackers ETFs track the corporate bond market and have been available in Euros and US dollars with different maturities.
XEMN tracks the Solactive ISS ESG Emerging Market Net Zero Pathway Index.
The entire range of these PAB ETFs target a 50% reduction in carbon intensity compared to a traditional index as well as a reduction in carbon intensity of 7% per year.
Simon Klein, global head of passive sales at DWS said: “With the new ETF, we now offer a full range of products aligned with the Paris Climate Agreement – giving investors suitable solutions for both developed and emerging markets.”
Related Story: DWS Expands ESG Range With Three Paris-Aligned ETFs
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