Alternative Investments/ESG: Four New ETFs From DWS Themed On UN Sustainable Development Goals
The launch has more than doubled DWS’ Europe-listed suite of thematic ETFs focusing on companies positively impacting the United Nations Sustainable Development Goals (SDGs).
DWS, the German asset manager, has launched four new exchange-traded funds (ETFs) on the London Stock Exchange, the Xetra market and the Borsa Italiana, as part of its suite of products that support the United Nations Sustainable Development Goals (SDGs).
Three of the new ETFs target Goals three, six and seven and one delivers diversified exposure across multiple SDGs. (ETF Strategy)
The new DWS ETFs/Indices are:
- Xtrackers MSCI Global SDG 3 Good Health UCITS ETF / MSCI ACWI IMI SDG 3 Good Health and Well-Being Select Index
- Xtrackers MSCI Global SDG 6 Clean Water & Sanitation UCITS ETF / MSCI ACWI IMI SDG 6 Clean Water and Sanitation Select Index
- Xtrackers MSCI Global SDG 7 Affordable and Clean Energy UCITS ETF / MSCI ACWI IMI SDG 7 Affordable and Clean Energy Select Index
- Xtrackers MSCI Global SDGs UCITS ETF / MSCI ACWI IMI SDG Impact Select Index
The funds are based on an index developed by MSCI that excludes companies with ESG-related controversies, UN Global Compact violators, and business activities linked to controversial and civilian weapons, tobacco, thermal coal, and oil sands. The remaining companies are assigned an ESG rating on MSCI’s seven-point scale, and stocks are then assigned to two portfolios – an SDG Impact portfolio and an SDG Thematic portfolio. The SDG Impact portfolio consists of stocks generating at least 50% of their revenue from products and services that directly support the targeted SDG, while the SDG Thematic portfolio is made up of stocks with sufficient linkage to sub-themes related to the targeted SDG.
The new DWS Xtrackers ETFs are available in USD, GBP and EUR, and each comes with an expense ratio of 0.35% and is classified as an Article 8 product under the EU’s Sustainable Finance Disclosure Regulation.
Related Story: DWS Launches Two ESG S&P500 ETFs In Europe
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