Xtrackers, the ETF arm of DWS, has expanded its range of ETFs tracking MSCI Select ESG Screened indices, while also cutting fees on certain products.
Six Xtrackers ETFs have switched their underlying index, including the Xtrackers MSCI World High Dividend Yield Ucits ETF, which has switched to become Xtrackers MSCI World ESG Screened Ucits ETF. Its total expense ratio (TER) has moved from 0.29% to 0.19%.
The Xtrackers Russell Midcap Ucits ETF is now Xtrackers MSCI USA ESG Screened Ucits ETF, with its TER moving from 0.35% to 0.07%, and the Xtrackers MSCI Europe Mid Cap Ucits ETF switched to become Xtrackers MSCI Europe ESG Screened UCITS ETF. Its TER has fallen from 0.25% to 0.12%.
Also among the changes are the Xtrackers MSCI EMU Minimum Volatility UCITS ETF has become Xtrackers MSCI EMU ESG Screened Ucits ETF, with its TER also down from 0.25% to 0.12%,
The latest expansion of the Xtrackers ESG suite follows the completion last month of a programme which converted nine existing Europe equity sector Xtrackers ETFs to MSCI Select ESG Screened underlying indices, with corresponding product name changes.
Michael Mohr, DWS head of passive products, said: “This ambitious programme of switches, alongside fee cuts on certain ETFs to keep them as competitive as possible, creates an extensive range of Xtrackers ESG ETFs which we are confident will be well received by the investment community.”
DWS Group had €859 billion assets under management as of June 30, 2021.
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