Alternative Investments/ESG: DWS Launches Xtrackers II ESG EUR Corporate Bond Short Duration UCITS ETF

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Demand for short duration corporate bond exposure and environmentally and socially responsible assets.

DWS addressed the rising demand for corporate debt laced with sustainable and socially conscious strategies with a new ESG-focused short-duration corporate bonds ETF.

The Euro-denominated Xtrackers II ESG EUR Corporate Bond Short Duration Ucits ETF tracks the Bloomberg Barclays MSCI Euro Corporate Sustainable & SRI 0-5 Year index.

Xtrackers II ESG EUR Corporate Bond Short Duration Ucits ETF

This new ETF enhances DWS’s commitment to ESG as it is a complementary product to the fund manager’s Xtrackers II ESG EUR Corporate Bond Ucits ETF, which is based on the same bond index family, and five equity ETFs based on MSCI ESG indices.

The Bloomberg Barclays MSCI Euro Corporate Sustainable & SRI 0-5 Year index, which the new ETF tracks, is made up of short-term, euro-denominated, investment-grade corporate bonds with a minimum MSCI ESG rating of BBB.

The index also excludes business activities including controversial weapons, alcohol, tobacco, gambling, adult entertainment, genetically modified organisms (GMO), nuclear power, and civilian firearms, as well as companies involved in severe controversies.

Simon Klein, Global Head of Passive Sales at DWS, said in a statement. “Our latest launch reflects DWS’s strong commitment to environmental and social responsibility. It builds on approximately EUR 4.7bn under management across our ESG ETFs globally, and our strong focus on corporate governance and on ESG thought leadership.”

The ETF has a total expense ratio of 0.16%.

As of August 3, it had an AUM of 24.43 million EUR and a NAV of 44.74 EUR.

Related Story:    Vanguard Launches Its First ESG-focused Fixed Income Product For U.S. Investors                                               

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