New iShares ETF on Xetra: European companies with high ESG rating and currency hedge
New iShares ETF on Xetra: European companies with high ESG rating and currency hedge
A new exchange traded fund issued by iShares has been tradable on Xetra and Börse Frankfurt since Friday.
With the iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist), investors participate in the performance of large and medium-sized companies from 15 European industries that have a comparatively high ESG rating within their sector, are not involved in the extraction or production of fossil fuels and do not own fossil reserves.
Companies are excluded from the index that are not in line with the principles of the United Nations Global Compact, are involved in ESG-related controversies or are active in the areas of thermal coal, nuclear energy, weapons, gambling, tobacco and genetically modified organisms.
The weighting of a stock is limited to a maximum of 5 per cent. Any dividend income is distributed. Currency risks against the euro are minimised.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist) | Equity ETF | 0.23 per cent | Distributing | MSCI Europe SRI Select Reduced Fossil Fuel Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,679 ETFs. With this selection and an average monthly trading volume of around €17 billion, Xetra is the leading trading venue for ETFs in Europe.