LONDON — Xtrackers (IE) plc, the Dublin-registered funding firm, has knowledgeable its shareholders that from February 3, 2025, the benchmarks of a number of of its exchange-traded funds (ETFs) will bear title modifications . The announcement got here after MSCI Restricted, the index administrator, knowledgeable the corporate of the upcoming modifications on December 16, 2024.
The funds concerned are a part of Xtrackers’ vary of ESG choose ETFs, which deal with environmental, social and governance standards. The title change will take away the “ESG Screened” label from index names. For instance, the Xtrackers MSCI Japan ESG Screened UCITS ETF can be renamed the Xtrackers MSCI Japan Screened UCITS ETF. Related modifications will apply to the MSCI AC World, and MSCI USA ESG Screened UCITS ETFs, all of which can take away the time period “ESG Screened” from their names.
It is very important word that regardless of the title modifications, the funding aims, insurance policies, danger profiles and costs of every fund won’t be modified. The funds may also retain their standing underneath Article 8(1) of the Sustainable Finance Disclosure Regulation (SFDR), which pertains to disclosure necessities for monetary merchandise.
The Firm has assured shareholders that the up to date complement and key data doc reflecting these modifications can be obtainable on the Xtrackers web site across the efficient date of the title change. Shareholders in search of clarification on the updates or requiring extra data have been suggested to seek the advice of their monetary advisors or contact Xtrackers instantly.
This announcement relies on a press launch and doesn’t suggest any hypothesis on broader business impacts or traits. The modifications relate strictly to the index names and don’t suggest any modifications to the funding methods or sustainability standards of the ETFs.
This text was generated with the help of AI and reviewed by an editor. For extra data, seek the advice of our Normal Phrases and Situations.
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