DWS ETF Since Tuesday a new exchange traded fund from DWS is tradable on London Stock Exchange….
The Xtrackers II ESG EUR Corporate Bond Short Duration UCITS ETF is a UCITS compliant exchange traded fund that aims to track the Bloomberg Barclays MSCI Euro Corporate Sustainable and SRI 0-5 Year Index (index).
The fund is passively managed.
The aim is for your investment to reflect the performance of the Bloomberg Barclays MSCI Euro Corporate Sustainable and SRI 0-5 Year Index (index).
The index aims to reflect the performance of certain types of tradable debt (bonds) issued by companies which are denominated in Euro, with a remaining time to maturity of at least 1 month and up to (but not including) 5 years, excluding those bonds issued by companies which fail to meet certain environmental, social and governance (ESG) criteria.
The composition of the index is rebalanced monthly. On each rebalancing date, specific rules are applied to determine which bonds are eligible for inclusion, which include; minimum and maximum time to maturity, amount outstanding, and a minimum ‘investment grade’ credit rating from major ratings agencies.
The index is administered by Bloomberg Index Services Limited.
The index is calculated on a total return basis which means that the payments from coupons are reinvested in the index.
To achieve the aim, the fund will attempt to replicate the index, before fees and expenses, by buying a portfolio of securities that may comprise the constituents of the index or other unrelated investments as determined by DWS entities.
The fund may employ techniques and instruments in order to manage risk, reduce costs and improve results.
These techniques and instruments may include the use of derivatives.
The currency of the fund is EUR.
Returns and gains are not distributed but are reinvested in the fund.
Name : Xtrackers II ESG EUR Corporate Bond Short Duration UCITS ETF
ISIN : LU2178481649
Asset Class : Bond
Share class : 1C
Ongoing charges : 0.16 per cent
Distribution policy : Accumulating
Reference index : Bloomberg Barclays MSCI Euro Corporate Sustainable and SRI 0-5 Year Index (index)