DWS has answered the demand for short duration corporate bond exposure and environmentally and socially responsible assets with its new Xtrackers II ESG EUR Corporate Bond Short Duration UCITS ETF. The Euro-denominated ETF tracks the Bloomberg Barclays MSCI Euro Corporate Sustainable & SRI 0-5 Year Index. It complements sister fund Xtrackers II ESG EUR Corporate Bond UCITS ETF, which is based on the same bond index family, and five equity ETFs based on MSCI ESG indices.
Simon Klein, Global Head of Passive Sales at DWS, said, “Our latest launch reflects DWS’s strong commitment to environmental and social responsibility. It builds on approximately EUR 4.7bn under management across our ESG ETFs globally, and our strong focus on corporate governance and on ESG thought leadership.”
Bloomberg Barclays MSCI Euro Corporate Sustainable & SRI 0-5 Year Index is a fixed-income benchmark tracking short-term, Euro-denominated, investment-grade corporate bonds with a minimum MSCI ESG Rating of BBB. The index also negatively screens business activities including controversial weapons, alcohol, tobacco, gambling, adult entertainment, genetically modified organisms (GMO), nuclear power and civilian firearms, as well as companies involved in severe controversies. It was created in October 2019 and is back-tested to 2013.
The Xtrackers II ESG EUR Corporate Bond Short Duration UCITS ETF is a direct, physical replication ETF. It has an all-in fee of 0.16%. It began trading on the London Stock Exchange on 28 July and Germany’s Xetra on 3 August, and will list on Switzerland’s SIX exchange in coming weeks.
|Name of ETF||BBG Code||ISIN||Listing Currency||Annual All-in Fee||UCITS Compliant|
|Xtrackers II ESG EUR Corporate Bond Short Duration UCITS ETF||XZE5||LU2178481649||EUR||0,16%||Yes|
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Phone: +44 (0) 7989 726985
DWS Group (DWS) is one of the world's leading asset managers with EUR 745bn of assets under management (as of 30 June 2020). Building on more than 60 years of experience and a reputation for excellence in Germany and across Europe, DWS has come to be recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.
We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our investment approach strategically.
DWS wants to innovate and shape the future of investing: with approximately 3,500 employees in offices all over the world, we are local while being one global team. We are investors – entrusted to build the best foundation for our clients’ future.