LONDON – Xtrackers, an funding firm with variable capital based mostly in Luxembourg, has introduced adjustments to the reference index of its Xtrackers MSCI UK ESG UCITS ETF (ISIN: LU0292097747). The modifications, which embody a renaming of the index and the introduction of further exclusion standards, have been utilized on the scheduled MSCI atypical index assessment, efficient at this time.
The ETF’s reference index, beforehand referred to as the MSCI United Kingdom (TADAWUL:) IMI (LON:) Low Carbon SRI Leaders Choose Index, has been renamed to the MSCI United Kingdom IMI Low Carbon SRI Choice Capped Index. Along with the renaming, the Index Administrator, MSCI Restricted, has carried out new exclusion standards associated to environmental, social, and governance (ESG) components.
The up to date index methodology now incorporates further oil & gasoline and energy technology screens, increasing the Environmental, Social, and Governance exclusion standards. The index will now exclude firms concerned in industries corresponding to alcohol, tobacco, playing, grownup leisure, genetically modified organisms, civilian firearms, oil & gasoline, nuclear weapons, thermal coal, fossil fuels, and fossil fuel-based energy technology. Firms with any involvement in controversial weapons are explicitly excluded, aligning with the necessities outlined in Article 12(1)(a) to (g) of the Fee Delegated Regulation (EU) 2020/1818, also called PAB Exclusions.
Regardless of these adjustments, the Sub-Fund’s funding goal, funding coverage, danger profile, and charges stay unchanged. The Product Annex shall be up to date to replicate these adjustments, and the revised Prospectus shall be made obtainable on the Xtrackers web site. Shareholders are suggested to seek the advice of their monetary advisors for readability on these adjustments and to grasp the precise tax implications for his or her particular person circumstances.
This announcement relies on a press launch assertion and offers data on the adjustments to the Xtrackers ETF. The product just isn’t topic to UK sustainable funding labelling and disclosure necessities, and additional data on these could be discovered on the UK FCA’s web site.
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