New Unicredit ETFs on Xetra: Combination of Strategy and Sustainability
New Unicredit ETFs on Xetra: Combination of Strategy and Sustainability
Since Tuesday two new Exchange Traded Funds of UniCredit are tradable via Xetra and Börse Frankfurt.
With the two ETFs, investors can participate in the performance of companies from the EURO STOXX Index that meet sustainability criteria. The reference indexes use the ESG exclusion criteria of the data provider Sustainalytics, which are based on the principles of the United Nations Global Compact on human rights, labour rights, the environment, business ethics and anti-corruption.
In addition to the sustainability criteria, various factors are used to diversify the portfolio. The UC EURO iSTOXX ESG-X MULTI FACTOR UCITS uses profitability, yield, leverage, value and low volatility, whereby the weighting is determined by a multifactorial optimisation process. The UC EU-RO STOXX ESG-X Minimum Variance UCITS ETF pursues the goal of minimum variance.
The returns of both ETFs are reinvested.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
UC EURO iSTOXX ESG-X MULTI FACTOR UCITS ETF | Equity ETF | LU1982823087 | 0.40 per cent | Accumulating | EURO STOXX ESG-X & Ex Nuclear Power Multi Factor Index |
UC EURO STOXX ESG-X Minimum Variance UCITS ETF | Equity ETF | LU1982822949 | 0.40 per cent | Accumulating | EURO STOXX ESG-X & Ex Nuclear Power Minimum Variance Unconstrained Index |
The product range in Deutsche Börse's XTF segment currently comprises a total of 1,467 ETFs. With this selection and an average monthly trading volume of around EUR 11 billion, Xetra is the leading trading platform for ETFs in Europe.