Alternative Investments/ESG: New ETF From Credit Suisse For ESG Exposure To German Stocks

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The new Euro-denominated ETF has been listed on the Deutsche Börse (CSYX GR) and SIX Swiss Exchange.

Credit Suisse Asset Management has launched the which tracks the DAX 50 ESG Index. The ETF offers exposure to the 50 largest German equities that are high on ESG performance.

CSIF (IE) DAX 50 ESG Blue UCITS ETF

Trading on the Deutsche Boerse and SIX Swiss Exchange, the new ETF charges a total expense ratio of 0.12%. (ETF Express)

The DAX 50 ESG Index is designed to deliver an enhanced ESG profile compared to traditional DAX-family benchmarks while offering similar risk-return characteristics. The initial universe comprises 98 stocks from the DAX, MDAX, and TecDAX indices.

Companies that are involved with controversial weapons, tobacco, thermal coal, nuclear power, and military contracts, as well as those that violate UN Global Compact Principles, are excluded.

What’s left is then ranked according to market capitalization, stock exchange turnover, and ESG scores calculated by Sustainalytics, a leading global provider of ESG research, ratings, and data.

The top 50 stocks in this list make up the DAX 50 ESG Index.

The importance of the German market

“Our new ETF on the DAX 50 ESG allows investors to participate in the growth of Europe’s largest economy while respecting the environmental, social, and governance standards defined by the index methodology. The new ETF complements our range of 105 index mutual funds and ETFs with combined assets of EUR 117 bn. Today’s launch underlines the importance of the German market for Credit Suisse Asset Management in general and our index business in particular,” says Dr. Valerio Schmitz-Esser, Head of Index Solutions at Credit Suisse Asset Management.

“Financial instruments that meet environmental, social, and governance requirements have enjoyed steadily growing demand in recent years. We are very pleased that Credit Suisse Asset Management has chosen the DAX 50 ESG Index as an underlying for their new ETF. The methodology is designed to ensure an ESG index whose liquidity and risk-return characteristics are similar to those of the flagship DAX while drawing from a broader universe,” says Stephan Flaegel, Chief Product Officer, Index, at Qontigo.

Related Story:  Credit Suisse Back In The ETF Game; Launches Three Funds including ESG                                                 

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