Alternative Investments/ESG: DWS Launches Two ESG S&P500 ETFs In Europe

https://dailyalts.com/wp-content/uploads/2023/01/wood-anemone-gca8f32cd3_640.jpg

The two new DWS Xtracker ETFs are listed on the London Stock Exchange and Deutsche Börse Xetra.

DWS launched in December two new ESG-focused UCITS ETFs based on the S&P500 titled the Xtrackers S&P 500 ESG UCITS ETF and Xtrackers S&P 500 Equal Weight ESG UCITS ETF. (ETF Strategy)

The S&P 500 Index tracks the 500 largest companies in the US equity market by market capitalization and is one of the most important equity benchmarks in the world. The S&P 500 Equal Weight Index tracks the same companies but weights all 500 index members equally at 0.2 per cent each.

The two ETFs track the S&P 500 ESG Index and the S&P 500 Equal Weight ESG Index respectively, which consider additional criteria for selecting index members. They initially make a number of exclusions before selecting constituents with a consideration for E, S and G criteria.

Companies that exceed revenue thresholds in activities related to thermal coal, tobacco and controversial weapons, among others are excluded. Also, companies that violate international norms and standards, and those without an S&P DJI ESG score are excluded.

Thereafter, index members are listed according to their S&P DJI ESG Scores and only the companies with the best scores are selected, leaving around 300 stocks out of the original 500 stocks.

While the Xtrackers S&P 500 ESG UCITS ETF comes with an expense ratio of 0.08%, the Xtrackers S&P 500 Equal Weight ESG UCITS ETF has an expense ratio of 0.17%.

Related Story:  DWS Launches Paris-Aligned Emerging Market Equity ETF

Image by ViJakob from Pixabay

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2023/12/AMD_headquarters_santa_clara.624da707519a6.jpg
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…

https://dailyalts.com/wp-content/uploads/2023/12/RHCEU-Inline.jpg
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…

https://dailyalts.com/wp-content/uploads/2023/12/Samsung_UK_Samsung_Pay_Lifestyle_0552-revised-Pictogram-23.11.30-1024x744-1.png
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…

https://dailyalts.com/wp-content/uploads/2023/12/Revaia-founders.jpg
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…